PARIS (Reuters). Strong demand for Louis Vuitton products and Dior products helped boost first quarter sales at LVMH. This shows the sector’s resilience despite volatile stock markets and geopolitical tensions.

LVMH reported that like-for-like sales rose 23% to 18 billion euro in the three-months to March.

Jefferies had a consensus of 18% for the growth rate. This figure was surpassed by Jefferies.