LVMH’s revenues up 19% in H1

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded a 19 percent increase (on y-o-y basis) in its revenues at the end of H1 2015. Its revenues touched $18.5 billion. Organic revenue growth was 6% compared to the same period in 2014. It witnessed solid growth in Europe and the United States. The Group’s profits rose 5 percent to $1.8 billion.

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.”

In the second quarter, revenue increased by 23% compared to the same period in 2014. There was a double-digit organic revenue growth in the second quarter for fashion and leather goods.

The Group witnessed strongest organic growth for its watches and jewellery division which scaled up 10 percent on y-o-y basis. There was a 23 percent increase in revenues from the division $1.7 billion.