LV Parent Company'S Latest Quarterly Report Handed In A Satisfactory Answer.

LVMH broke analysts' expectations.

The third quarter earnings report released in October 12th showed that the world's largest luxury group revenue grew by 7% over the same period last year, recording a sales of 8 billion 580 million euros (61 billion 730 million yuan).

In the first 9 months of 2015, leather products, especially its main brand LV, Monogram performed well; Fendi, which was held by Lord Buddha, also showed strong sales growth.

The Marc Jacobs that closes the secondary line and the Donna Karan that has experienced a change of fortune is still in the positioning adjustment stage.

Compared to the 13% increase in the second quarter, the third quarter only increased by 11% in watches and jewellery.

Among them, Bvlgari has become the main force of this rising trend.

LVMH hopes to rely on tiger Heuer, which is about to release smart watches this November.

The partners of the watch, including Google and Intel, are seen as a positive pformation of the old Swiss watches.

The sales of these two categories of LVMH beauty and boutique retail have not changed much.

Cosmetic sales increased by 7%, of which Dior charm lipstick, Guerlain skin care series, and Johnny Depp endorsement of Dior men's fragrance Sauvage great credit.

The year-on-year increase in quality retail sales was 5%, and DFS, a tax-free chain store, was affected by political instability and exchange rate instability in some tourist countries.

Sephora, a beauty chain retailer, is in good shape and online sales are growing rapidly.

But behind this beautiful newspaper, there is another hero, the euro.

Take liquor for example, a year-on-year growth rate of 26%, if the exchange rate factor is skim, organic growth is only 16%.

This means that overseas sales are higher than before.

As China's stock market shocks,

With the slowdown in economic growth, the luxury goods industry has frequently suffered setbacks in the world's second economies recently.

Fortunately, LVMH promptly seized Chinese tourists from Japan and Europe to make up for leather goods and spirits.

Weak sales in China.

Surprisingly, the group's liquor growth is beyond fashion.

The liquor business, including Moet and Chandon (Moet Champagne) and Hennessy (Hennessy cognac), has "increased significantly".

In the 3 months ending September 30th, it recorded a 1 billion 200 million sales growth, an increase of 26% over the same period.

The statement explains that this is due to the rebound of China's spirits market and the continuous improvement of the US market.

However, sales of LVMH's main fashion products were mediocre, organic growth was only 3%, compared with 5% in the first half of this year, and 10% in the two quarter.

Bank of Paris, France

Luca Solca, director of operations analysis, believes that "LVMH is in good condition".

However, the failure of its main business, fashion, may be a factor in the market's negative mood.

He added that in view of the enormous impact of LVMH's annual celebration of the 160th anniversary anniversary of its release in late 2014, the group will face a more severe comparison in the fourth quarter.

The statement released on the 12 day has not yet disclosed the profitability of the group. LVMH will give more details in the 13 call conference.