Home / Knowledge / News / Fashion / H1 is successful for LVMH Perfumes & Cosmetics
H1 is successful for LVMH Perfumes & Cosmetics
31
Jul '08
LVMH Moët Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenues of €7.8 billion in the first half of 2008, reflecting organic growth of 12%.

The Group had excellent performances in Asia, the United States and Europe. Profit from recurring operations increased by 7% to €1,541 million.

The current operating margin improved to 20%. This performance was achieved in an unfavourable currency environment and is even more noteworthy given the strong growth in the first half of 2007.

At constant exchange rates, profit from recurring operations increased by 19%. Group share of net profit increased by 7% in the first half of 2008.

Bernard Arnault, Chairman and CEO of LVMH, commented: “The first half results once again demonstrate the exceptional appeal of our brands as well as the effectiveness of our strategy, particularly remarkable given the adverse currency and economic environment seen during this period.

LVMH thus proves its exceptional capacity to grow thanks to the strength of its brands, the responsiveness of its organization and the talent of its teams.

Reassured by the strong momentum in the first half of the year, the Group approaches the second half with confidence.

It will rely upon the creativity and quality of its products as well as the efficiency of its teams to pursue further development in its historical markets as well as in high potential emerging markets.

All these elements enable us to confirm our objective of a tangible increase in results for 2008.”

Wines & Spirits: acceleration of growth in the second quarter
After a first quarter impacted by an unfavorable timing of price increases compared to 2007, Wines & Spirits revenue accelerated to achieve organic growth of 13% in the second quarter.

The overall market trends in Europe are positive. Emerging markets, such as Russia, China and the Middle East, recorded sustained growth. The Champagne business was driven by the good performance of Veuve Clicquot Ponsardin and Moët & Chandon.

Ruinart also saw strong growth. New World wines registered good progress. Hennessy cognac revenue was boosted by the remarkable performance of its premium qualities in China and Russia.

Fashion & Leather Goods: continued exceptional momentum at Louis Vuitton Fashion & Leather Goods delivered organic revenue growth of 14%.

Profit from recurring operations rose to €858 million. Once again delivering double-digit organic revenue growth, Louis Vuitton continues to strengthen its market position and deliver exceptional profitability.

The brand continues to be driven by its incomparable capacity to innovate, illustrated notably by the launch of numerous timeless lines and by the creations of Marc Jacobs in conjunction with the artist Richard Prince, which enjoy a worldwide success with clients.

Fendi continued the excellent trend experienced in 2007. The other fashion brands, notably Marc Jacobs, Donna Karan, Kenzo, Pucci and Loewe have had favorable trends.


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

From left: Tania Polonnowita Wettimuny, MD, Hellmann Sri Lanka; Bart de Vries, Global COO Air & Sea Hellmann; Deshamanya Mahesh Amalean, Chairman, MAS Holdings; & Shirendra Lawrence, COO, MAS Holdings

Textiles | On 20th Feb 2018

Hellmann and MAS form joint venture HMSC

Hellmann Worldwide Logistics and MAS Holdings have formed Hellmann...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search