LVMH, world leader in luxury, achieved in the first half of 2012 a turnover of 13 billion euros, up 26% on the previous year. The progression, communicates Bernard Arnault's group, saw the contribution of all brands and sectors of activity (in particular the watch and jewelery sector, which shot up by +133%) and was particularly marked in the USA and China, with good results also in Europe.
The organic growth of revenues is +12%, while the net profit has also grown to 1,681 billion euros, +28% compared to the same period of 2011 (which already recorded a strong increase), and the recurring operating margin is rose to 21%. Satisfied the president of Louis Vuitton Moet Hennessy, Bernard Arnault: “The excellent performance of the group in the first half testifies once again the strength of our brands, their power of attraction, their very high quality craftsmanship and our winning strategies. We face the second half of the year with great confidence, once again focusing on the innovation and success of our iconic production lines”.
