Shares of LVMH popped 12% Wednesday after the French conglomerate posted growth for the first time this year.

In an update after European trading hours on Tuesday, LVMH — the world's biggest luxury conglomerate and one of Europe's most valuable companies — said organic growth for the third quarter came in at 1% year-on-year, marking a recovery from two consecutive quarters of declines.

Revenue for the three months to September came in at 18.3 billion euros ($21.3 billion), falling below the 19.1 billion euro revenues scooped up in the third quarter of last year, but beat analysts' expectations. Stock Chart Icon Stock chart icon

LVMH share price

The Paris-listed firm — whose extensive portfolio of brands includes Louis Vuitton, Tiffany & Co., Christian Dior and Moet & Chando

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