LVMH 2015 SALES RESULTS
BRACING FOR THE FUTURE SPURRED BY EXCELLENT PERFORMANCE
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxurygoods group, posted revenues of €35.7 billion in 2015, a 16% increase over the previous year. Organic growth advanced 6%. The momentum is led by strong performances in Europe, the U.S and Japan while Asia recorded a slowdown. In the fashion and accessories arena, LVMH’s growth was fueled by a handful of key points: the success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level; bullish progress at Fendi, Céline, Givenchy and Kenzo; a remarkable momentum at Christian Dior; excellent results at Bvlgari and the success of TAG Heuer’s refocusing strategy.
Bernard Arnault, Chairman and CEO of LVMH, said: “The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty. Revenue and operating profit reached new record levels. Commitment to excellence, a passion for quality and our capacity to innovate underpin our growth momentum…All our Maisons demonstrated outstanding flexibility in 2015…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.”