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Revenues at LVMH up 26% in H1
Group profits up 28%
By: Diamond World News Service
Jul 28 2012 12:54PM
Reference: 7131  


At the close of the first half of 2012, LVMH recorded a 26 percent increase ( on y-o-y basis) in its revenues to $16 billion, reports say. Profits increased 28 percent to $2 billion for the group.

There has been a strong influence of the strong sales from Bulgari, which the company acquired last year, reports add. The watches and jewellery segment noted a growth in the comparable sales at constant exchange rates – of 13 percent. Adding the revenues of Bulgari, the sale for the category rose 133 percent to $1.6 billion. Profit from recurring operations of jewelry and watches rose 87 percent to $195 million (EUR 159 million).

The other business units including wines and spirits, leather goods and perfume cosmetics also recorded an increase in terms of comparable store sales.

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