News 
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 25.1 billion euros in the first half of 2019, up 15%. Organic sales growth was 12% compared to the same period in 2018.
In the second quarter, revenue increased by 15% compared to the same period in 2018. Organic revenue growth was 12%, a performance in line with the trends of the beginning of the year. The United States, Asia and Europe saw good growth with, in particular, a rebound in France in the second quarter.
Profit from recurring operations was € 5,295 million for the first half of 2019, an increase of 14%. Operating margin reached 21.1%, broadly in-line with the first half of 2018. Group share of net profit amounted to € 3,268 million, an increase of 9%.
The Watches & Jewelry business recorded organic revenue growth of 4%, driven by jewelry. Profit from recurring operations was up 5%. Bvlgari made good progress in its stores and continued to gain market share. The iconic lines Serpenti, B.Zero1, Diva and Fiorever contributed to this performance. Its new high-end jewelry collection, Cinemagia, was very well received. At Chaumet, the success of its Bee My Love collection and its iconic Liens and Josephine lines were the main growth drivers of the Maison. TAG Heuer continued to focus on its flagship lines, while Hublot continued to actively grow and develop its store network. The organisation of the first exhibition of the LVMH Swiss watch Maisons was announced for January 2020 in Dubai.
The Wines & Spirits business recorded organic revenue growth of 6%. Profit from recurring operations increased by 6%. The business group pursued its value strategy based on a strong policy of innovation and targeted investments in communication.
The Fashion & Leather Goods business group recorded organic revenue growth of 18%. Profit from recurring operations was up 17%.
The Perfumes & Cosmetics business group recorded organic revenue growth of 9%, mainly driven by the performance of flagship brands. Profit from recurring operations was up 6%.
The Selective Retailing business group achieved organic revenue growth of 8%. Profit from recurring operations was up 17%.
In the buoyant environment of the beginning of this year, albeit marked by geopolitical uncertainties, LVMH will continue to pursue gains in market share through the numerous product launches planned before the end of the year and its geographic expansion in promising markets, while continuing to manage costs.
August 22, 2019