LVMH Moët Hennessy Louis Vuitton (LVMH) recorded revenue of €16.7 billion in the first half of 2015, a year-on-year increase of 19 percent. Organic revenue growth was six percent compared to the same period in 2014. The Group recorded strong growth in Europe and the United States.
In the second quarter, revenue increased by 23 percent compared to the same period in 2014. Organic sales growth was nine percent marking an increase from the first quarter.
In particular, the watches and jewellery group recorded a 23-percent growth in reported revenue and a 10-percent growth in organic revenue year-on-year. The profit from recurring operations in the group increased from €107 million in H1 2014 to €205 million in H1 2015 with a 91-percent increase. Bvlgari had an excellent first half driven by the success of its iconic jewellery lines and its new watch for women, Lvcea. Hublot showed strong progress while TAG Heuer continued to refocus on its core offering.
Bernard Arnault, chairman and CEO of LVMH, commented: “The excellent results of the first half are witness to the efficiency of our strategy, which relies upon the strength of our brands and a very entrepreneurial style of management. Building on the first half performances, we face the second half of the year with confidence and count on the quality of our products and the talent of our teams to further strengthen our leadership in the world of high quality products.”
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