>>
Home / Knowledge / News / Fashion / Leading luxury group LVMH H1 sales rise 6%
Leading luxury group LVMH H1 sales rise 6%
26
Jul '13
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. The Group continued to experience good momentum in the US and Asia, and continues to grow in Europe in a more difficult economic environment. With organic growth of 9%, the second quarter showed some acceleration compared to the first quarter.

Profit from recurring operations for the first half of 2013 rose to €2 712 million, an increase of 2% compared to the same period in 2012. This performance compares to the first half of 2012, which had shown very strong growth. Current operating margin reached 20%. Group share of net profit rose to €1 577 million.

Bernard Arnault, Chairman and CEO of LVMH, commented:

“The performance of LVMH in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the relevance of our strategy. Innovation, extreme quality, strong distribution and savoir-faire in all of our businesses reinforce our Maisons. Loro Piana, with whom we share the same values of family and craftsmanship, will fit harmoniously within this dynamic. It is with confidence that we approach the second half of the year and rely on the creativity and quality of our products, as well as the effectiveness of our teams, to pursue further market share gains in our traditional markets as well as in high potential emerging territories.”

Highlights of the first half of 2013 include:

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. The Group continued to experience good momentum in the US and Asia, and continues to grow in Europe in a more difficult economic environment. With organic growth of 9%, the second quarter showed some acceleration compared to the first quarter.

Profit from recurring operations for the first half of 2013 rose to €2 712 million, an increase of 2% compared to the same period in 2012. This performance compares to the first half of 2012, which had shown very strong growth. Current operating margin reached 20%. Group share of net profit rose to €1 577 million.

Bernard Arnault, Chairman and CEO of LVMH, commented:

“The performance of LVMH in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the relevance of our strategy. Innovation, extreme quality, strong distribution and savoir-faire in all of our businesses reinforce our Maisons. Loro Piana, with whom we share the same values of family and craftsmanship, will fit harmoniously within this dynamic. It is with confidence that we approach the second half of the year and rely on the creativity and quality of our products, as well as the effectiveness of our teams, to pursue further market share gains in our traditional markets as well as in high potential emerging territories.”


Must ReadView All

Pic: Shutterstock

Textiles | On 18th May 2022

GDP up 0.3% in euro area, 0.4% in EU in Q1 2022 over Q4 2021 figures

In the first quarter (Q1) of 2022, seasonally adjusted GDP increased...

Pic: Shutterstock

Textiles | On 18th May 2022

$1.3 bn spent to aid Cambodia’s industrial development policy

The implementation of the Cambodia Industrial Development Policy,...

Pic: Shutterstock

Retail | On 18th May 2022

US clothing retail sales up 11.2% YoY in April 2022: NRF

Consumers accustomed to inflation continued to spend in April as...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Sarah Bellos,

Sarah Bellos

Stony Creek Colors was started in 2012 to build a new future for natural...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Amar Pawar & Raghavendra Pawar, Brand - Powerlook

Amar Pawar & Raghavendra Pawar
Brand - Powerlook

Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...

Gauri Verma, Label - The Jodi Life

Gauri Verma
Label - The Jodi Life

THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...

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

ESTEEMED CLIENTS

JES MEDIA, INC
Brandix Lanka Limited
Varner AS Retail
TESTEX AG, Swiss Textile Testing Institute
Officina Meccanica Dora Enrico Srl
Arvind Limited
Groz-Beckert East Asia LLP
C;&A Sourcing International Ltd
Maceton Limited
ITMA Services Pte Ltd
Color Service s.r.l.
Lottmann Communications
FESPA (Reigate)
Abit
Taiwan Textile Federation (TTF)
Tommy Hilfiger
Messe Duesseldorf
Savio Macchine Tessili S.P.A.
Shanghai  Aige Exhibition Service Co., Ltd
Boardriders Asia Sourcing Limited
G.A.S. unternehmenskommunikation gmbh
Lenzing Aktiengesellschaft
Gap International Sourcing Limited
Loris Bellini S.r.l.
Walmart
Saurer Textile Solutions Pvt. Ltd.
Eurofins BLC Leather Technology Centre Ltd
Babyshop
Asos
Hirdaramani International Export Private Limited
CGS Inc.
Thai Trade Center
Lacoste (Wanchai)
Nihalani Events Management
CSGIA(China Screen Printing & Graphic Imaging Association)
Weitmann & Konrad GmbH & Co. KG
John Varvatos
Splash
Tuyap Tum Fuarcilik Yapim A.S.
Lisa S.P.A.
APLF Limited
Benetton Group
GERBER TECHNOLOGY LTD.
Messe Frankfurt Exhibition GmbH
Infor (Hong Kong) Limited
Amazon China
Inter Expo Center Ltd.
Datacolor AG Europe
IIGM Private Limited
Lenzing Aktiengesellschaft - India
Grasim Industries Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Bluesign Technologies Ag
Shima Seiki Mfg. Ltd.
Jiangsu Yingyang Nonwoven Machinery Company Limited
DuPont de Nemours, Inc.,
Green Fibre
Nandan Denim Limited
Copenhagen Fashion Summit
China World International Exhibition Company Limited
KIABI
H;&M Hennes ;& Mauritz (Far East) Ltd
Vianney Textil Hogar S.A. De C.V.
GIOVANNI BOZZETTO S.p.A.
Coats Digital Limited
Lifestyle
Performance Days
NITI Aayog
N9 World Technologies Private Limited
Desigual - ABASIC, S.A.
Aramark Uniform ;& Career Apparel, LLC
IDH – The Sustainable Trade Initiative
Bluestem Global Sourcing Limited
K AND D ITMACH EXPOSITIONS LLP
International Textile Manufacturers Federation
Thai Acrylic Fibre Company Limited
T.T. Limited
Cat Tuong Real Estate Group Joint Stock Company
IFF Media Ag - International Media Services
Etam Group Strategy Hong Kong Limited
Tory Burch Hong Kong Ltd
Sportswear Company Spa
Reiter India Private Limited
Gloria Jeans
TEXVALLEY MARKET LIMITED
BTC Textiles LLC
Tchibo GmbH
Haelixa AG
Zydex Industries
SYNERGIES HONG KONG LIMITED
Puma
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
IKEA of Sweden AB
Lululemon Athletica Inc
Alison Hayes Romania
Indo Tex
Rayonese Textile Inc., Division de Culp Inc.
Landmark Group
EUROVET ASIA LTD
OVS Hong Kong Sourcing Ltd.
Vardhman Textile Ltd
Italian Trade Commission
Kern – Liebers Textile
Alix Partners
Datatex Consulting Srl
NV Michel Van de Wiele
Recron Polyester from Reliance Industries Limited
SHAHI Exports Pvt Ltd
The Top Form Brassiere Manufacturing Company Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Woolmark Services India Pvt. Ltd.
COTTON COUNCIL INTERNATIONAL
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
USTER
Sportmaster Ltd.
Equinox Impex India
Lectra Technologies India Pvt Ltd.
TESCO INTERNATIONAL SOURCING LIMITED
Tradewind International Servicing
Gatsby Africa
Hela Clothing Pvt Ltd
Aquarelle Clothing Limited
BTSR International S.P.A.
The LYCRA Company Singapore  Pte. Ltd
Flainox S.r.l.
Groz-Beckert KG
Marzoli Machines Textile s.r.l.
GHCL LIMITED
Applied DNA Sciences Inc
Indofil Industries Limited - Specialty & Performance Chemicals Division
ZAITEX spa
Pt. Peraga Nusantara Jaya Sakti
Under Armour Global Sourcing Ltd
Decathlon
PVH Corporation
International Sourcing Expo Australia
Xtema - Thomas Lebherz Textilmaschinen
FULGAR SpA
Newtech Textile Technology Development (Shanghai) Company Limited
BIMBA ;& LOLA SL
BRINKMANN GMBH
Truetzschler India Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Chico’ FAS
Helly Hansen Far East Ltd
Seasalt Limited
Esprit Europe Services GmbH
Sainsbury's Argos Asia Limited
VNU Exhibitions Asia
LC Waikiki
J ;& P Coats
Dow Silicones Corporation
THE BOMBAY DYEING ;& MFG.CO. LTD
Restoque S.A.
Recron Polyester from Reliance Industries Limited
Kornit Digital Asia Pacific Ltd
Target Corporation (MN)
Rieter India Private Limited
Centric Software
Mayer & Cie. GmbH & Co. KG
H. Stoll AG & Company KG
Brückner Trockentechnik GmbH & Co. KG
Midas Clothing Limited
Page Industries Limited (Bangalore)
Gokaldas Exports Limited
Istanbul Fuarcilik A.S.
Colours India Inc
Huntsman (Singapore) Pte Ltd
TÜYAP IHTISAS FUARLARI A.S.
KAS Direct Sourcing
EMBEE CORPORATION
Zünd Systemtechnik AG
Calvin Klein
Jindal Worldwide Limited
Mesdan SPA
MAS Active / MAS Kreeda / MAS Bodyline
Rosset ;& Cia Limited
Stahl Holdings B.V.,
UBM China (Shanghai)
Itema Weaving (India) Private Limited
Karl Mayer Textilmaschinenfabrik GmbH
BIANCA
G-Star Raw C.V.
Permoda(Koaj/Armi/Pronto/Bkul)
Chori Company Limited
Aleph Srl
Eastman Chemical Company
Guess Europe Sagl,
Phong Phu international JSC (PPJ)
The LYCRA Company Singapore  Pte. Ltd
Meera Dyestuff Industries
Thermore (Far East) Ltd.
X-Rite Asia Pacific Limited (HK)
Palexpo SA
EPCH
DyStar India Pvt. Ltd
Comasia Limited

May 2022

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


Advanced Search