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LVMH Group: First Half 2015 Results

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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.

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