News Last year, LVMH Moët Hennessy Louis Vuitton reported record sales worth 13.9 billion euros, an 11% increase on 2004. All geographical areas progressed “with an acceleration of growth in the United states, Asia and Europe”, the world leader in luxury products points out in a press release. The same goes for sales by the different activity areas; the watch and jewellery segment was well ahead in terms of organic growth (i.e. assuming comparable structures and exchange rates) with 17% growth to 572 million euros, followed by selective distribution (+13% at 3,648 million), fashion and leather goods (+12% at 4,812 million), wines and spirits (+11% at 2,644 million) and fragrances and cosmetics (+7% at 2,285 million).
Reporting on its watchmaking business, the luxury group points out that “all of the brands significantly strengthened their market shares in every strategic region, notably the United States, Asia and Japan. The iconic lines were strengthened. They include the Link, Carrera and Aquaracer collections at TAG Heuer, the Open concept at Zenith and the Liens and Class One lines by de Chaumet. Dior watches continued to grow with the launch of the Christal line."
LVMH is due to announce its 2005 operating result in early March. Once again two-figure growth is expected.
February 07, 2006
