Shares of LVMH Moet Hennessy Louis Vuitton advanced by 5% during Wednesday's trading session after the company released its first-quarter financial results.
The luxury goods company revealed that its organic revenue increased by 3% in the first trimester of 2024, while its reported revenue declined by 2% on a yearly basis, to stand at €20.7 billion. The largest share of revenue was generated by fashion and leather goods, which reached €10.5 billion, and selective retailing, which amounted to €4.2 billion.
LVMH's stock climbed by 5.10% at 1:02 pm CET, to go for €821.70 apiece.
