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


Albert Heijn pulls plug on AH to go in Germany

14/12/2017

Albert Heijn has decided to shut down its German AH convenience stores. According to the supermarket company, the chain does not have enough room to grow in Germany despite having built up its presence in the past five years.

Carrefour continues to lose French market share

13/12/2017

Kantar Worldpanel’s new numbers underline the fact that Carrefour CEO Alexandre Bompard is facing a huge challenge. Out of every supermarket chain, his chain suffered the largest market share loss in France last month.

New Metro still struggles in the Netherlands and Belgium

13/12/2017

German food retail group Metro says it has created a solid foundation for new growth in its first year since it stepped away from its non-food activities. The Benelux are still worrisome however. 

Tax on meat incoming: will meat become the new tobacco?

12/12/2017

Researchers and elected officials all across the world think there will be a meat tax within the next decade, designed to discourage people from eating meat. The rapid growth of meat consumption has disastrous consequences for our climate and health.

AB InBev opens new brewery in China

12/12/2017

Brewery AB InBev opened a new brewery in China, which will produce 1.5 tons of beer. It will be the company’s largest Asian brewery and the company’s goal is to take full advantage of the growing Chinese middle-class.

Dr. Oetker acquires Belgian industrial bakery

11/12/2017

German Oetker Gruppe, known for its frozen Dr. Oetker pizzas, has acquired Belgian industrial bakery Diversi Foods. The company is a major frozen bread supplier for Belgian and Dutch supermarket chains.

Back to top