PARIS (AFP) - global retailer of luxury LVMH said Monday its first-quarter business jumped 17 percent from a year earlier to 5.25 million euros on the back of strong growth in Asian markets American and European.
Analysts surveyed by Dow Jones Newswires expected three months sales of March of 4.95 billion euros (7.03 billion).
LVMH has posted record sales of EUR 20.3 billion 2010 and a profit of EUR 3.03 billion that demand for its line-up of luxury of Louis Vuitton, Givenchy, Moet and Chandon and Parfums Christian Dior delivered benefits.
The company said Monday that in the United States, Europe and Asia showed "strong dynamic growth," with demand for its product lines still strongly rebound after the sharp in 2009 collapsed.
For 2011, the company said that it would continue to focus on the strength of its brand names, in view of the "environment economic and geopolitical," a reference similar to popular unrest in the Middle East.
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