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Watches & Jewelry maker LVMH posts fine H1 performance

26
Jul '05
World's leading luxury products group LVMH Moët Hennessy Louis Vuitton reported consolidated sales of EUR 6,173 million in the first half of 2005, reflecting an increase in organic sales of 12 percent compared to the first half of 2004. This sales growth accelerated in the second quarter of 2005, coming on top of a strong 19 percent increase in the second quarter of 2004.

Key points of first half 2005:
- Good sales growth across all business groups,
- Asia and Europe see strong sales growth and the US continues to progress well,
- Louis Vuitton continues to post double-digit sales growth,
- The Watches & Jewelry and Selective Retailing business groups record organic growth of 15 percent
- Market share gains across all brands.

By business group, sales performance click here

Wines & Spirits delivered organic sales growth of 12 percent during the first half of 2005. The champagne brands, particularly Dom Perignon, Krug and Veuve Clicquot, showed strong growth across all geographic areas. Moet & Chandon achieved good levels of growth in Japan and Europe. Hennessy cognac strengthened its momentum with solid growth, particularly in the US and Asia.

Fashion & Leather Goods, Louis Vuitton posted double-digit organic sales growth. After the Cerises line, the Denim and Antigua collections, which have just been launched, are already attracting waiting lists around the world.


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