Sales Rise 10% at LVMH

LVMH Moët Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of E21.8 billion in the first half of 2018, an increase of 10%. Organic revenue growth was 12% compared to the same period in 2017. It was up 14% when excluding the impact of the termination of the Hong Kong International Airport concessions at the end of 2017. The United States, Asia and Europe experienced good growth.


“The excellent results of the first half of the year attest to the strong desirability of our brands and the effectiveness of our strategy. The performance of the first half is even more remarkable given the unfavorable currency environment,” said Bernard Arnault, chairman and CEO, LVMH. “The standards of quality and creativity required from our Maisons, which combine both modernity and tradition, are key to LVMH's success, always driven by a long-term vision. Despite buoyant global demand, monetary and geopolitical uncertainties remain. In this context, we will stay vigilant and rely on the talent of our teams and the shared entrepreneurial passion to further increase our leadership in the world of high quality products in 2018.”


In the second quarter, revenue increased by 11% compared to the same period of 2017, a performance in line with the trends of the beginning of the year. Organic revenue growth was 11%. The company posted double-digit increases in revenue and profit from recurring operations, led in part by the success of new product launches at Christian Dior across all product lines