THE WHAT? LVMH has beaten industry estimates with its Q3 results thanks to continued demand for high-end handbags as well as champagne.
THE DETAILS Quarterly sales reached €19.8bn, exceeding the predicted €19.1bn.
Organic revenue growth was 19%, in line with the trends observed in the first half of the year, with perfumes and cosmetics reaching €1.9 million in the quarter, while fashion & leather goods hit €9.6 million.
LVMH recorded revenue of €56.5 billion euros in the first nine months of 2022, up 28 percent compared to the same period of 2021.
THE WHY? Europe, the U.S. and Japan were reported to be up in the start of the year thanks to the solid demand of local customers and the recovery in international travel.
According to LVMH: “Perfumes grew sharply due to the continued success of Sauvage, Miss Dior and J’adore, further strengthened by its latest creation Parfum d’Eau. Dior Addict in makeup and Prestige in skincare also contributed to the Maison’s rapid growth.”
Jean Jacques Guiony, LVMH’s Chief Financial Officer, said, “Despite everything going on in the global economy, the demand for our brands remains very vigorous.”
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
