LVMH exceeds expectations

LVMH exceeds expectations

French LVMH, the company which owns brands like Louis Vuitton, has experienced a very strong first half of 2015, with total turnover up nearly 20 %, while profit also went up 15 %.

Strong performance from Louis Vuitton

In the first half of 2015, turnover reached 16.707 billion euro, up 19 % compared to last year when it reached 14.009 billion euro. LVMH's profit grew 15 % to 2.955 billion euro, the strongest growth since the first half of 2012.

 

Every company branch was able to report positive numbers: turnover for 'Fashion & Leather Goods' grew 18 % to 5.9 billion euro, while like-for-like turnover grew 5 %. Profit for this division grew 12 % to 1.66 billion euro. Louis Vuitton's new product line also performed exceptionally well according to LVMH. The largest growth was for the watches and jewelry division, which grew 23 % in turnover (to 1.55 billion euro) and nearly doubled its profit to 205 million euro.

Questions or comments? Please feel free to contact the editors


EU guidelines on food donation helpful to reducing food waste

20/10/2017

(Content provided by EuroCommerce) The European Commission adopted yesterday on the World Food Day, EU guidelines on food donation. Retailers and wholesalers welcome these guidelines as supporting efforts to recover and redistribute food to those in need.

Small growth for Metro in 2016/2017

20/10/2017

Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.

Tepid summer leads to weaker ice cream sales for Unilever

19/10/2017

The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.

Danone alters management structure

19/10/2017

Danone has decided to alter its board structure. The position of chairman and CEO are now both occupied by current CEO Emmanuel Faber.

Difficult third quarter for Carrefour

18/10/2017

Carrefour’s quarterly results illustrate the major challenges the current CEO and his team face, especially in Western Europe. Belgian like-for-like turnover also dropped.

Sainsbury’s will cut 2,000 jobs

18/10/2017

British supermarket chain Sainsbury’s is to cut about 2,000 jobs in the United Kingdom, aiming to save up to 500 million pounds (560 million euro) in an attempt to compete with discounters.

Back to top