LVMH at its annual shareholders meeting on Thursday stated strong organic revenue growth of 13 per cent and solid progress in historical markets as well as strong momentum in emerging countries.

The company, which operates brands such as Louis Vuitton, Marc Jacobs, Celine and Donna Karen, said profit from recurring operations was up 12%. Double-digit organic revenue growth continued in Q1 2008, with exceptional performance by Louis Vuitton and strong growth momentum at Sephora, Parfums Christian Dior and watchmaker TAG Heuer.

The US and Asia doubled their growth and LVMH said the buoyant macroeconomic environment means an increase in the appeal of luxury products  in emerging countries.

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