LVMH Moët Hennessy Louis Vuitton
recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth.
The Group continued to experience good momentum in the US and Asia, and continues to grow in Europe in a more difficult economic environment. With organic growth of 9%, the second quarter showed some acceleration compared to the first quarter.
Profit from recurring operations for the first half of 2013 rose to €2 712 million, an increase of 2% compared to the same period in 2012. This performance compares to the first half of 2012, which had shown very strong growth. Current operating margin reached 20%. Group share of net profit rose to €1 577 million.
Chairman and CEO of LVMH, commented:
“The performance of LVMH in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the relevance of our strategy....
...Innovation, extreme quality, strong distribution and savoir-faire in all of our businesses reinforce our Maisons. Loro Piana, with whom we share the same values of family and craftsmanship, will fit harmoniously within this dynamic."
Arnault continued, "It is with confidence that we approach the second half of the year and rely on the creativity and quality of our products, as well as the effectiveness of our teams, to pursue further market share gains in our traditional markets as well as in high potential emerging territories.”
The Perfumes & Cosmetics business group
recorded organic revenue growth of 6%. Profit from recurring operations was up 2% compared to the first half of 2012.
Innovation and market share gains were both important features of the first half of 2013. Parfums Christian Dior
maintained good momentum, supported by its perfumes, including Miss Dior
with Voile de Parfum.
The makeup segment, with their privileged connections to couture, made significant progress. Guerlain
benefited from the continuing success of La Petite Robe Noire. Parfums Givenchy
registered good progress in its makeup line. Benefit
experienced rapid international development.