LVMH earnings

Published on: 26 Jul, 2019

The world’s largest luxury group by revenue, Moët Hennessy Louis Vuitton (BIT: LVMH)  reported strong second-quarter sales, as the luxury firms capitalized on strong accelerating Asian demand, assuaging investors’ concerns about a slowdown in the crucial region.

Sales in Asia (excluding Japan) rose by 18%, lading the like-for-like sales at LVMH to rise by 12% in the quarter, to EUR 12.5 Billion. Indeed, despite of the trade war between China and the US that could weigh on consumer sentiment, The company faces high demand across Asia, particularly in mainland China.

For the first time, LVMH’s sales crossed the EUR 25 Billion mark with overall sales for the first six months of the year of EUR 25.1 Billion. Operating profits surpassed EUR 5 Billion for the first time and amounted exactly EUR 5.3 Billion. Net profit was slightly below analyst expectations of EUR 3.5 Billion but increased 9 % and reached EUR 3.3 Billion. The company pointed out outstanding performances at the Louis Vuitton and Christian Dior Couture brands and sales of its Sephora cosmetics business were up 7%.

Sales not only increased in Asia but in the US, in Japan and Europe as well. In Japan, sales were up 11%, 8% in the US and went from 7% growth in the first quarter to 13% for the three months to the end of June in Europe, this is mostly due to the impact of the “gilets jaunes” anti-government protests that occurred in France at the start of the year.

“In a nutshell, LVMH’s equity story remains intact - leadership market positions, broad-based market share gains, relatively stable earnings profile thanks to the quality of its assets, portfolio diversification and geographical balance, and great management team,” wrote RBC Capital Markets.


  • 1917Views
  • 6Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin


Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

28 Aug, 2017 2551
27 Sep, 2017 2313
05 Oct, 2017 4553
09 Nov, 2017 2121



Jun 27, 2020 at 10 41 pm

Order Cheap Propecia - Buy Cialis Propecia 12 Weeks Buy Cialis Viagra 100 Precio Farmacia


cialis without a doctor's prescription

Jul 20, 2020 at 05 44 pm

Acheter Cialis Online GEARSEEXED - Cialis Fahantenda Azitromicin Order peance buy cialis 10mg Enulty Buy Orlistat Online Uk


buy cialis online reviews

Aug 20, 2020 at 07 04 am

cialis viagra interaction Optineeswepe - purchase cialis Envivy Amoxicillin Liver Oraphy Cialis geadly Dutasteride Dutas


can i buy cialis without a prescription

Sep 14, 2020 at 08 56 pm

Cephalexin 250 Mg Optineeswepe - order cialis Envivy Viagra Generika Levitra Oraphy Cialis geadly Buy Doxycycline Eu



Apr 18, 2022 at 05 55 pm

Sxvjlf - cialis cialis coupons Hejpso Sqznej - Cialis Today Snow would be astounded by the ease with which data can be collected the immense analytical powers of computing instant global communications and fields such as evidencebased medicine see p. Ptrooe



Oct 23, 2022 at 09 09 pm

PMID 21228174 Free PMC article lasix contraindications Systemic treatments for metastatic cutaneous melanoma