LVMH 1H15 revenue rises 19%

PIGGYBACKING on strong Europe and US sales, LVMH Moët Hennessy Louis Vuitton achieved a 19% increase in revenue for the first half of 2015 at €16.7 billion. Organic revenue rose by 6% over the same period last year.

The company’s perfumes and cosmetics business expanded by 17% (6% organic) during 1H15 at approximately $2.3 billion (€2.1 billion).

Christian Dior’s J’adore and Miss Dior retain their strong market performance. Guerlain is fortifying its position with the success of La Petite Robe Noire and the rapid development of Abeille Royale. Benefit, Make Up For Ever, and Fresh likewise continue on a growth path. 

Bernard Arnault, chairman and CEO of LVMH, attributed the company’s healthy first half performance to the efficiency of its strategy, which relies upon the strength of its brands and a very entrepreneurial style of management.

“Building on the first half performances, we face the second half of the year with confidence and count on the quality of our products and the talent of our teams to further strengthen our leadership in the world of high quality products,” Mr. Arnault said.