🔹 Turnover: €18.28 billion (expectation: €18.17 billion) ✅
🔹 Organic sales growth: +1% (expectation: -0.7%) ✅
📊 Segment development:
- Asia (excl. Japan): +2 % (expectation: -3.6 %) ✅
- Wine & spirits: +1% (expectation: -3.2%) ✅
- Fashion & leather goods: -2% (expectation: -3.5%) ✅
LVMH slightly exceeded expectations: Asia in particular was surprisingly strong, while Wine & Spirits posted solid growth. The decline in the fashion and leather goods business was less pronounced than expected.
