02.02.16
LVMH Moët Hennessy Louis Vuitton reported that its revenue rose 16% in 2015 to €35.7 billion, with organic revenue growth up 6%.
The luxury company’s Perfumes & Cosmetics business group recorded revenues of €4.5 billion, organic revenue growth of 7%. On a reported basis, revenue growth was 15%, according to LVMH.
Profit from recurring operations within Perfumes & Cosmetics increased by 26%, the company said.
According to LVMH, Christian Dior accelerated its growth and increased worldwide market share, with its new men’s fragrance Sauvage experiencing unprecedented worldwide success. In addition, LVMH said the vitality J’adore and Miss Dior together with the excellent reception of new make-up products contributed to the Maison’s remarkable performance.
Guerlain demonstrated profitable growth notably driven by the progress of L’Homme Idéal and the continued success of the skincare ranges Orchidée Impériale and Abeille Royale. Benefit experienced strong growth driven by the originality of its products. Fresh and Make Up For Ever performed very well.
“The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty,” said Bernard Arnault, chairman and CEO. “Revenue and operating profit reached new record levels. Commitment to excellence, a passion for quality and our capacity to innovate underpin our growth momentum and are all values epitomised by the Fondation Louis Vuitton and its emblematic building that welcomed over one million visitors in 2015. All our Maisons demonstrated outstanding flexibility in 2015. By adapting their strategies to global changes and by continuing to evolve, they have shown the creativity and entrepreneurship that drive them forward. In an uncertain economic environment, we can rely on the desirability of our brands and the agility of our teams to further strengthen in 2016 our leadership in the world of high quality products.”
The luxury company’s Perfumes & Cosmetics business group recorded revenues of €4.5 billion, organic revenue growth of 7%. On a reported basis, revenue growth was 15%, according to LVMH.
Profit from recurring operations within Perfumes & Cosmetics increased by 26%, the company said.
According to LVMH, Christian Dior accelerated its growth and increased worldwide market share, with its new men’s fragrance Sauvage experiencing unprecedented worldwide success. In addition, LVMH said the vitality J’adore and Miss Dior together with the excellent reception of new make-up products contributed to the Maison’s remarkable performance.
Guerlain demonstrated profitable growth notably driven by the progress of L’Homme Idéal and the continued success of the skincare ranges Orchidée Impériale and Abeille Royale. Benefit experienced strong growth driven by the originality of its products. Fresh and Make Up For Ever performed very well.
“The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty,” said Bernard Arnault, chairman and CEO. “Revenue and operating profit reached new record levels. Commitment to excellence, a passion for quality and our capacity to innovate underpin our growth momentum and are all values epitomised by the Fondation Louis Vuitton and its emblematic building that welcomed over one million visitors in 2015. All our Maisons demonstrated outstanding flexibility in 2015. By adapting their strategies to global changes and by continuing to evolve, they have shown the creativity and entrepreneurship that drive them forward. In an uncertain economic environment, we can rely on the desirability of our brands and the agility of our teams to further strengthen in 2016 our leadership in the world of high quality products.”