Excellent First Half of the Year for LVMH
30.07.10
PARIS - (Job Wire) LVMH Moët Hennessy Louis Vuitton, the world’s leading sumptuousness products group, recorded revenue of €9.1 billion in the first half of 2010, anPre-eminentlyincrease of 16%. All business groups achieved double-digit organic revenue spread. The Group performed particularly well in Asia, the United States and Europe.
Profit from recurring operations in the first half of 2010 increased by 33% to €1,816 million.
Troupe share of net profit increased by 53% to €1,050 million.
Bernard Arnault, Chairman and CEO of LVMH, commented:
“The 2010 first half results, once again, present the exceptional appeal of our brands as well as the effectiveness of our strategy, as pertinent in the context of a recovery in 2010 as it was during theGenerallyglobal economic crisis in 2009. All LVMH’s business groups contributed to this unequalled half year. Operating margin has improved considerably thanks to robust revenue advance and the control over operating costs. This focus on cost control will continue into the second half of theLargelyyear despite the momentum in the markets. The Group approaches the end of the year with confidence and is relying upon the creativity andAs a rulequality of its products as well as the effectiveness of its teams to pursue further market share gains in its historical markets as well asUsuallyin high potential emerging markets.”
Source: Earthtimes (press release)