LVMH revenues up 4% in 2013

Revenues for 2013 at LVMH Moët Hennessy Louis Vuitton (LVMH) rose 4 percent on y-o-y basis, amounting to US$39.2 billion.

Also, there was 8 percent increase noted in the company’s organic revenue for the luxury products, while profit from recurring operations was up 2 percent to US$8.1 billion, reports say.

The watch and jewellery unit churned revenues worth US$3.8 billion. While the division noted 4 percent increase in organic growth, reported revenues dropped 2 percent. Profit from recurring operations was up 12 percent to US$505.5 million.

The company recorded good movement in the US and Asian markets and continued growth in the European markets. It noted the year delivered ‘excellent performance’. It is looking at the year ahead with optimism to achieve growth and is going to focus on brand development, innovation and market expansion, reports suggest.