- Baume & Mercier: The new collection Hampton magnum-
- De Bethune adorning its DBS collection with diamonds-
- Blancpain opens its third Boutique in Dubai -
- Hublot One Million $ Black Caviar-
- Piaget Polo 30th anniversary-
- The Hublot boutique opens in Geneva-
- Chopard: The new Elton John watch collection-
- Piaget Emperador coussin large moon -
- Daniel Roth 220.Y-
- Zenith Starissime-
LVMH results in the first half of 2008
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenues of €7.8 billion in the first half of 2008, reflecting organic growth of 12%. The Group had excellent performances in Asia, the United States and Europe.
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenues of €7.8 billion in the first half of 2008, reflecting organic growth of 12%. The Group had excellent performances in Asia, the United States and Europe.
Profit from recurring operations increased by 7% to €1,541 million. The current operating margin improved to 20%. This performance was achieved in an unfavourable currency environment and is even more noteworthy given the strong growth in the first half of 2007. At constant exchange rates, profit from recurring operations increased by 19%. Group share of net profit increased by 7% in the first half of 2008. Watches & Jewelry: strong increase in profitability
Watches & Jewelry recorded organic revenue growth of 15%. Profit from recurring operations rose by 30%. TAG Heuer confirmed its momentum with the success of its Grand Carrera line. Zenith saw sustained growth in its high-end classic watch collections. Christian Dior watches strengthened its synergies with fashion and jewelry. Chaumet grew thanks to the launches of Class One “Croisiere” and the new creations in its Attrape-Moi collection. De Beers continued its sustained growth with the expansion of its store network. Fred relaunched the legendary Force 10. The first half was notable for the acquisition of the Hublot brand which complements LVMH’s watchmaking portfolio.
Outlook for 2008
In an uncertain economic and monetary environment, LVMH will continue to grow thanks to both the numerous product launches planned before the end of the year and to its geographic expansion. These factors allow the Group to confirm its objective of a tangible increase in its 2008 results. ■
- Articles from this issue
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- An eventful end to the year
- Five reasons to buy jewellery this Christmas
- Watch Trends for Men: wrist action
- Lighten up, with one of the season’s top colors
- Sub-Saharan Africa remains a marginal market for Swiss watchmakers
- Souvenirs of Asia
- Visitors flock to the Belles Montres fair in Paris
- Watches hold their own at auction
- When it comes to quality, who’s in control?
- Havana time with Cuervo y Sobrinos
- Patek Philippe extends its empire into Neuchâtel
- “All my watches have to be repairable”
- Perrelet gives a contemporary interpretation of traditional watchmaking
- Improving precision is the watchmaker’s raison d’être
- The Oriental Complexity of Superior Watches (II)
- The SIHH inaugurates its January formula
- What price that collector’s watch?
- “Haute horlogerie” encourages young talent
- Baume & Mercier clocks a moment in history
- Hot off the press...
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- Baume & Mercier : The new collection Hampton magnum
- De Bethune adorning its DBS collection with diamonds
- Blancpain opens its third Boutique in Dubai
- Hublot One Million $ Black Caviar
- Piaget Polo 30th anniversary
- The Hublot boutique opens in Geneva
- Chopard: The new Elton John watch collection
- Piaget Emperador coussin large moon
- Daniel Roth 220.Y, Tourbillon 8-day perpetual calendar
- Zenith Starissime collection, an ode to femininity
- Advertising
