Home / Knowledge / News / Fashion / 2015 sales climb 16% at LVMH
2015 sales climb 16% at LVMH
04
Feb '16
In 2015, revenue at luxury products group LVMH Moët Hennessy Louis Vuitton climbed 16 per cent over the previous year to €35.7 billion, while organic revenue growth was 6 per cent.

“The Group turned in strong momentum in Europe, the United States and Japan while other Asian countries demonstrated contrasting tendancies,” a LVMH press release stated.

“Profit from recurring operations reached €6,605 million in 2015, also up 16 per cent year on year, to which all business groups contributed,” the company said.

The Group's share of net profit was €3,573 million and excluding the capital gain realised in 2014 following the distribution of Hermès shares, Group share of net profit increased by 20 per cent.

In the fourth quarter of 2015, revenue rose 12 per cent compared to the same period of 2014, while organic growth stood at 5 per cent.

CEO Bernard Arnault said, “The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty.”

“Revenue and operating profit reached new record levels, while commitment to excellence, a passion for quality and our capacity to innovate underpin our growth momentum,” Arnault also added.

“All our Maisons demonstrated outstanding flexibility and by adapting strategies to global changes and by continuing to evolve, they showed the creativity and entrepreneurship that drive them forward,” he too stated.

Key highlights at LVMH from 2015 included; record revenue and profit from recurring operations and a good performance of wines & spirits in all regions with a normalisation of the situation in China.

Other highlights include; the success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level and progress at fashion brands like Fendi, Céline, Givenchy and Kenzo.

In the reporting year, there was a remarkable momentum at Christian Dior which gained market share globally and excellent results at Bulgari and the success of TAG Heuer's refocusing strategy.

During the year under review, the company reported free cash flow of €3.7 billion, a surge of 30 per cent and a gearing of 16 per cent as of the end of December 2015. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Jan 2021

Belarus unveils five-year light industry plan

Bellegprom, the light industry concern of the Belarusian ministry of...

Pic: USDA/FAS

Textiles | On 23rd Jan 2021

US cotton exports rise on China demand: USDA report

Despite US cotton production falling 5 million bales from the...

Pic: Shutterstock

Apparel/Garments | On 23rd Jan 2021

Explore new markets for RMG industry: Bangladesh minister

Bangladesh commerce minister Tipu Munshi recently highlighted the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


January 2021

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


Advanced Search