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LVMH Group: First Half 2015 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group comprising 70 brands in all five major sectors of the luxury market (Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing) reported revenue of Euro 16.7 billion in the first half of 2015, an increase of 19% compared to the same period in 2014. The organic revenue growth was 6%.

Profit from recurring operations was Euro 2 955 million for the first half of 2015, an increase of 15%, to which all the business groups contributed.

The Watches and Jewelry business group (including Bulgari, Chaumet, De Beers, Fred, Hublot, TAG Heuer, Zenith) recorded organic revenue growth of 10%. On a reported basis, revenue growth was 23% and profit from recurring operations increased by 91%.


This business unity was boosted by the very strong momentum of Bvlgari throughout the world, driven by the success of its jewelry lines and, for watches, by its Lucea women’s line and Octo men’s line.

Chaumet and Hublot delivered a positive performance with TAG Heuer continuing to refocus on its core offering. A partnership was concluded between TAG Heuer, Google and Intel for the launch of a smartwatch.

For all of the business group’s brands, Europe and Japan were the most dynamic regions.

In terms of outlook, LVMH sees overall growth prospects for the second half of the year  with revenues fueled by the delivery of new products and sustained by new marketing and communication campaigns.

During the summer, Hublot will open its second manufacturing facility in Nyon, boosting its production capacity.

The majority of TAG Heuer’s new products will be launched over the coming months, backed by a communication plan targeting the brand’s key markets.

LVMH currently employs 120,000 people across the world.

COMMENTS

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Name

A. Lange & Sohne,49,AkriviA,6,alarm,3,Alpina,7,Andersmann,1,Andreas Strehler,4,Angelus,3,annual calendar,22,Anonimo,2,Antoine Martin,2,Antoine Preziuso,1,Apple,1,Apple Watch,1,Aquadive,1,Armin Strom,21,Arnold and Son,18,Astarwatch,1,Ateliers deMonaco,2,Auctions,43,Audemars Piguet,23,Autodromo,1,BaselWorld 2013,50,BaselWorld 2014,53,Baselworld 2015,69,Baselworld 2016,27,Baselworld 2017,64,Baume et Mercier,15,Bell & Ross,14,Bernard Lederer Universe,1,Blancpain,22,BLU,1,blue dial,2,Bovet,3,Brands histories,1,Breguet,37,Breitling,31,Bremont Watch Company,3,Breva,2,bronze,2,Bücherei,1,Bulgari,23,Burberry,1,C3H5N3O9,1,carillon,1,Carl F. Bucherer,2,Carrera,4,Cartier,34,ceramic,1,Chaumet,2,chiming hour,2,Chopard,19,Christie's,1,Christophe Claret,5,Christopher Ward,3,chronograph,254,chronometer,19,Chronoswiss,3,Citizen,2,co-axial,1,column-wheel,7,complete calendar,2,complications,53,concept watch,4,Concord,1,constant-force,21,Corum,11,CSEM,1,Czapek,1,Daytona,1,De Bethune,11,de Grisogono,2,dead seconds,13,detent escapement,2,DeWitt,7,diving watches,106,double regulator,1,drei,1,dress watches,184,dual time,63,Eberhard,9,Edox,1,El Primero,13,Emile Chouriet,1,Emmanuel Bouchet,1,enamel dial,3,enamelling,13,Equation of time,5,Eterna,17,exhibitions,1,F.P.Journe,14,Faberge,2,Favre-Leuba,1,features,19,Ferdinand Berthoud,1,flyback,28,Fondation de la Haute Horlogerie,1,Fortis,3,Franck Muller,5,Frederique Constant,5,Geneva Watchmaking Grand Prix,8,Georg Jensen,1,George Daniels,2,Girard-Perregaux,34,Glashuette,14,Glashütte,25,Glashütte Original,27,Glycine,2,GMT,46,GPHG,3,Graham,5,Grand Feu,1,Grand Prix d’Horlogerie de Geneve,7,Grand Seiko,5,Grande Complication,16,Grande Sonnerie,2,Greubel Forsey,16,Gronefeld,5,Grönefeld,5,Grossmann,3,guilloché,1,H. Moser and Cie,17,Habring,4,Habring2,5,Hajime Asaoka,1,Hallmark of Geneva,1,Hamilton,9,hands-on,4,Harry Winston,8,Hautlence,2,Hermes,9,high jewellery,1,Hublot,9,Hybris Artistica,1,Hydro Mechanical Horologists,7,HYT Watches,11,Icon,1,independent watchmaker,3,industry news,74,IWC,55,Jaeger-LeCoultre,64,Jaquet Droz,12,JeanRichard,3,jumping hours,18,Junghans,5,Kaj Korpela,1,Kari Voutilainen,4,Korpela,1,Krayon,1,Ladies watches,66,Lang & Heyne,1,Lange,6,large date,1,Laurent Ferrier,10,Le Garde Temps,1,Lemania,1,Leroy,3,Linde Werdelin,1,Longines,27,Louis Moinet,4,LVMH,2,Maîtres du Temps,1,Manufacture Contemporaine du Temps,3,Manufacture Royale,3,marine chronometer,1,Maurice de Mauriac,1,Maurice Lacroix,5,MB&F,19,MCT,1,MeisterSinger,19,metiers d'art,1,mido,1,military watches,6,Minute Repeater,31,Montblanc,34,moon phases,58,Moritz Grossmann,15,Moser,17,Muhle,3,Mühle-Glashütte,3,mystery watches,2,Nautilus,2,New Britain Corp,1,new watches,1340,Nomos,12,Ochs und Junior,3,Officine Panerai,42,Omega,42,Only Watch,2,Only Watch 2015,4,Only Watch 2017,2,Oris,21,Panerai,15,Parmigiani Fleurier,13,Pascal Coyon,1,Patek,1,Patek Philippe,48,perpetual calendar,60,Perrelet,4,Philippe Dufour,1,Phillips,1,Piaget,14,Pierre DeRoche,1,pilot watch,46,platinum,1,pocket watch,1,pocket watches,2,Poincon de Geneve,1,Porsche Design,10,Pre-SIHH 2016: Cartier - Clé de Cartier Automatic Skeleton,1,pulsometer,4,quartz,2,Rado,3,Ralf Tech,2,Ralph Lauren,2,rattrapante,13,Raul Pages,1,Raymond Weil,1,rectangular watches,2,regulator,10,remontoire,2,resonance,2,Ressence,4,retrograde,2,Revelation,1,Reverso,12,Richard Mille,35,Richmond,1,Roger Dubuis,10,Roger Smith,1,Roger W. Smith,1,Rolex,23,Romain Gauthier,5,Romain Jerome,1,Royal Oak,13,Rudis Sylva,1,Seiko,8,SevenFriday,2,SIHH 2012,4,SIHH 2013,25,SIHH 2014,36,SIHH 2015,43,SIHH 2016,44,SIHH 2017,40,SIHH 2018,1,Singer,1,Singer Reimagined,1,single hand,2,single-hand watches,4,Sinn,7,skeleton,11,smartwatch,6,solar energy,1,Sotheby's,2,Speake-Marin,3,Speedmaster,8,split seconds,4,sport watches,287,squelette,32,steampunk,1,striking time,8,SuisseMecanica,1,Swatch,2,Swatch Group,3,table clocks,1,Tag Heuer,51,terra Cielo Mare,1,Tiffany,10,top news,20,Torsti Laine,1,tourbillon,175,Tudor,8,ultra thin,21,Ulysse Nardin,22,Union Glashutte,1,Urban Jurgensen,11,Urwerk,11,Vacheron Constantin,55,Van Cleef & Arpels,5,Vauchier Fleurier,1,Vianney Halter,3,Vulcain,9,wandering hours,1,Watches & Wonders,14,Watches&Wonders,1,worldtime,23,Zenith,35,Zodiac,1,
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Time and Watches: LVMH Group: First Half 2015 Results
LVMH Group: First Half 2015 Results
LVMH Group: First Half 2015 Results. LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group comprising 70 brands in all five major sectors of the luxury market (Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing) reported revenue of Euro 16.7 billion in the first half of 2015. The Watches and Jewelry business group (including Bulgari, Chaumet, De Beers, Fred, Hublot, TAG Heuer, Zenith) recorded organic revenue growth of 10%.
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