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Lvmh: first half profit -4% year on year

The French group closed the first six months of 2014 with a net profit of 1,5 billion euros, down 4% on an annual basis – Revenues increased, +3% to 14 billion.

Lvmh: first half profit -4% year on year

The first half of 2014 of Lvmh ends, which closed with a net profit of 1,509 billion euros, down 4% on an annual basis, while revenues stood at 14,009 billion, up 3% compared to the same period of the previous year.

The effect of the exchange rate on the euro weighs on the accounts of the French group, which continued to record growth in sales in the United States and Asia (and substantial stability in Europe).

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