Category: LVMH

Today, just after the closing of the Paris Stock Exchange, luxury powerhouse LVMH (Louis Vuitton Moët Hennessy) announced its First-Half 2018 results. After showing strong results at the end of the year 2017, the group continues its progression, both in terms of sales and profitability. As for the Watches and Jewelry Division, the brands under portfolio follow the same trend, with a strong growth again for sales and profits.

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, recorded revenue of EUR 42.6 billion in 2017, an increase of 13% over the previous year. The group also shows a sustained growth in organic revenue, with a 12% increase. The group profit is up 18%, at EUR 8,293 million. All business divisions recorded double-digit organic growth, with the exception of Wines and Spirits. For what is our main concern here, the watchmaking industry, LVMH (owner, among others, of TAG Heuer, Hublot, Zenith and Bulgari) reports an ‘Excellent year for Bvlgari and good progress at Hublot and TAG Heuer’.