LVMH reports strong sales growth in first half 2019

LVMH reports strong sales growth in first half 2019

LVMH Moët Hennessy Louis Vuitton has announced stellar results for the first half of 2019, with the luxury FMCG company’s recorded revenue up 15 percent to 25.1 billion euros.

Year on year organic sales growth was up 12 percent in the comparable period to 2018. Meanwhile for the second quarter the group reported a 15 percent revenue increase, with Asia, the U.S. and Europe all reporting good growth.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH has made an excellent start to the year. These results once again illustrate the effectiveness of our strategy and the exceptional desirability of our Maisons, whose products transcend time. Their constant demand for quality and their consistently refreshed creativity are key to LVMH’s success, always guided by a long-term vision, combining exemplarity and responsibility in all the company’s actions.
“Despite buoyant demand, we will continue to manage costs and remain vigilant into the second half of the year. We are therefore entering the second half of the year with confidence and count on the talent of our teams and their shared entrepreneurial passion to further increase, once again in 2019, our leadership in the world of high-quality products.”

The perfume and cosmetics arm of the company saw organic growth of 9 percent, while Sephora reported strong progress both instore and online.

Parfums Christian Dior was highlighted as a stand out brand thanks to ‘rapid progress’ of its make-up and skincare lines, while Guerlain was also stated to have had a strong first half of the year.

The company said, “Guerlain’s launch of the first digital transparency and product traceability platform was a highlight of the first half.”

Parfums Givenchy also benefited from quick progress of its make-up products and L’Interdit perfum.