LVMH posts 5 percent increase in FY16 revenue

LVMH Moët Hennessy Louis Vuitton recorded revenue of 37.6 billion euros (40 billion dollars) in 2016, representing an increase of 5 percent over the previous year. The company’s organic revenue growth was 6 percent. In the fourth quarter, revenue increased by 9 percent compared to the same period of 2015, while organic growth was 8 percent. The company said, American market remains on a good track as does Europe and Asia, excluding Japan, continued its good momentum.