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Stellar Vuitton growth powers LVMH sales in Q1

PARIS, April 13 (Reuters) - Surging sales at Louis Vuitton and Dior helped French luxury giant LVMH make a very strong start to 2021, with overall revenues returning to growth in the first quarter despite new coronavirus lockdowns in much of Europe.

LVMH said like-for-like sales, which strip out the effect of currency changes and its acquisition of U.S. jeweller Tiffany, rose by 30% in the three months to March to 14 billion euros ($16.70 billion).

That was nearly double an analyst consensus forecast for 17% growth cited by UBS. ($1 = 0.8382 euros) (Reporting by Silvia Aloisi and Sarah White)

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