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The global fashion business journal

Oct 20, 20199:17am

LVMH grows 15.3% and earns 8.7% more in the first half

French luxury conglomerate, owner of companies like Dior, Celine or Louis Vuitton, has registered a revenue of 25 billion euros (27.8 billion dollars) in the first half of its fiscal year.

Jul 24, 2019 — 7:00pm
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LVMH grows 15.3% and earns 8.7% more than in the first half

 

 

LVMH finishes its last period on the rise. The French luxury conglomerate, owner of brands such as Louis Vuitton, Celine or Dior, has closed the first half of its fiscal year with a rise of 8.7% in its net benefit, up to 3.2 billion euros (3.5 billion dollars).

 

Sales of the group have doubled its digits during the period. LVMH has registered a revenue of 25 billion euros (27.8 billion dollars) in the first half of its fiscal year, 15.3% more than the same period last year.

 

By categories, the group has risen its fashion and leather good sales during the first semester, with an increase of 21.3%, up to 10.4 billion dollars (11.6 billion dollars). Perfumes and cosmetics division have risen its income in 12.3%, while watches and jewelry have registered a rise of 7.9% compared to last period.

 

 

  

 

By regions, Asia, excluding Japan, has taken the lead. The company grew 33% in its sales in Asia, while in Japan revenues increased 7%.

 

In Europe, without including France, LVMH registered a growth of 17%, while in local sales, the group rose 9%. In United States the group’s incomes have also achieved double digits, with a rise of 23%.

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