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Leading luxury group LVMH H1 sales rise 6%
26 Jul '13
4 min read
Highlights of the first half of 2013 include:
-Good resilience in Europe and sustained momentum in Asia, the United States and Japan,
-Market share gains of all our brands,
-Good performance in Wine & Spirits,
-The very qualitative development of Louis Vuitton, whose profitability remains at an exceptional level,
-Continued investment in the fashion brands,
-Further innovation and success of iconic lines at Christian Dior,
-Increased selectivity in Watches and Jewelry distribution,
-Excellent performance of DFS and Sephora worldwide,
-Cash from operations before changes in working capital of € 3.3 billion,
-Net debt to equity ratio of 19% as of the end of June 2013.
LVMH
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