LVMH posts Double-digit organic revenue growth in H1

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13 billion in the first half 2012, an increase of 26%. Organic revenue growth was 12%. All business groups contributed to this performance, which is even more remarkable coming on top of the strong growth in first half of 2011. The Group continued its sustained growth in the US, Europe and Asia.
Profit from recurring operations for the first half of 2012 rose to €2 659 million, an increase of 20% compared to the same period in 2011.
This performance compares to the first half of 2011, which itself had shown strong growth. Current operating margin reached 21%. Group share of net profit rose to €1 681 million, an increase of 28%.
Bernard Arnault, Chairman and CEO of LVMH, commented: “LVMH’s excellent performance in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the pertinence of our strategy.
For more details please visit: LVMH posts Double-digit organic revenue growth in H1 @ fibre2fashion

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