LVMH reported an increase of 22% so far this year, the market worried about the luxury slowdown

Phoenix luxury store in Paris, the world's largest luxurygoods Enterprise Group, LVMH, on Monday reported that sales in the first nine months of this year, an increase of 22% year-on-year to 19.87 billion euros, but has no effect on concern a slowdown in luxurygoods market .
Taking into account As of June 2011, Bulgari, consolidation and a positive currency impact, organic revenue in the first nine months increased by 10%.

Division, fashion and leather goods, including its biggest brand Loui s Vuitton and Christian Dior, a 16% increase from last year, jewelery, watches and clocks reports 25% increase. LVMH's wine and beauty products business also recorded double-digit growth.
In addition, LVMH announced total sales revenue of the third quarter ended September 30, an increase of 15% to 690 billion euros (about $ 89 billion), exceeding analysts' expectations for sales of 6.88 billion euros. Organic sales growth of 6%.
Figures of the third quarter, below the organic growth of 12% in the second quarter, but taking into account the experience of the economic slowdown in China and Europe the other luxurygoods brand, the report is still healthy.
"The U.S. market continued to show momentum," LVMH said in a statement. "Despite the challenging economic environment, but also to promote the third quarter results in Europe and Asia, Louis Vuitton will continue around the world, in order to gain more market share."
However, analysts pointed out, an increase of 4% from the previous quarter's fashion, leather goods, watches and jewelry sales fell 8%, the second and 12% in the first quarter slowdown.
"We believe it is a fair assumption that the Louis Vuitton brand itself underperformed the sector average of 4%," HSBC analysts said in a report.
The appetite Luxurygoods "
Vague general terms only to the LVMH Louis Vuitton, its biggest brand accounted for approximately 75% of the sales of its fashion and leather goods sector, some analysts fear, Louis Vuitton lost sales as consumers In China, in particular, is more cautious luxury products unmarked at the top.
Not help the leather goods concern is the recent Bain & Co report, sales of handbags and other items may only be an increase of 5% in sales this year, excluding currency mom, less than half the pace in 2011.
Although LVMH does not publish comparable growth figures in its sector, analysts have speculated that, in the watch and jewelery sector comparable growth of about 2%, compared with 9% in the second quarter and 17% in the first.
"For us, it is disappointing that the watches, fashion and leather products, headquartered in London, analysts said Bloomberg.
But analysts said on a conference call, Jean - Jacques · Guiony, organic third quarter sales growth in the the LVMH chief financial officer, said "there is no significant difference from the previous three months. The company has raised prices of Louis Vuitton in 8% in Europe, October appetite luxurygoods added: "He pointed out."
"The third-quarter figures reflect the more stringent environmental,," Guiony said. "In my opinion should not see the bottle half empty."
Although it may be slowed down "here and there", especially in China outside of Asia, where lower tourist flow compared with the same period last year, this year. Guiony said, no decline in demand for Louis Vuitton merchandise.
On the Louis Vuitton phoenix luxury handbags business around the world, Guiony said: "Europe is a little higher, a little lower, and China is close to the first half of the year, a low single-digit (growth)."