LVMH sales up 10%, reach 47 billion
The French luxury giant earned 18% more, to 6.35 billion euros. The division of fashion and leather articles was the one that grew most, with an income of 18.45 billion euros.
LVMH continues growing at double digit, but at a slower pace. The French conglomerate of luxury, owner of brands like Louis Vuitton or Dior, finished the last fiscal year of 2018 with a rise of 10%. The profit, however, grew by 18%, to 6.35 billion euros.
In 2018, LVMH had a revenue of 46.82 billion euros. Compared to its evolution in 2017, the group increased its sales by 8 percentage points below last year, when the revenue rose by 18%, to 42.63 billion euros.
LVMH registered earnings of 6.35 billion euros, 18% more than last year
By divisions, the category of fashion and leather goods was the one that grew most in 2018, with 18.45 billion euros in sales, what entailed an increase of 19% in comparison with last fiscal year.
LVMH’s division of perfumes and cosmetics grew by 10%, to 6.09 billion euros, while watches and jewellery registered a revenue of 4.12 billion euros, 8% more than in 2017.
The French luxury giant underlined the good performance of Christian Dior Couture in the first year of operations within the conglomerate and the excellent acceptance of new Louis Vuitton products in the market, which boosted the sales of the LVMH's flagship firm.
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