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LVMH shares were up by around 2% in early session trading.
On Tuesday, LVMH reported that sales for the quarter ending in March rose 3% on an organic basis to 20.69 billion euros ($22 billion), matching analyst expectations.
“The market environment is challenging, especially in China, and LVMH was able to navigate it in line with expectations,” said Mario Ortelli, of luxury advisory firm Ortelli & Co.
($1 = 0.9414 euros)
