Profit and revenue growth of the largest manufacturer of luxury goods exceeded the record level


Net profit of the world manufacturer of luxury goods, LVMH Moet Hennessy Louis Vuitton SA, grew by 18% in 2018. Profit from continuing operations increased by 21% and exceeded 10 billion euros against 8.293 billion euros in 2017. Revenue growth was 10%. The figure increased from 42.636 billion euros to 46.826 euros. Sales rose 11%. LVMH financial performance exceeded historic highs. Maximum revenue growth was recorded in the clothing and leather goods segment. Revenue rose by 19% to 18.455 billion euros. Organic growth was 15%, profit from continuing operations was 21%. Sales of perfumes and cosmetics increased by 10%, and profits - by 13%. Sales of alcohol increased by 1%, while sales of watches and jewelry of the brand increased by 8%. Profit growth in the segment was 37%. LVMH Moet Hennessy Louis Vuitton SA is owned by French billionaire Bernard Arnault and produces luxury items from 70 brands. The company supplies alcohol, clothing, accessories, jewelry, perfumes and cosmetics to the market.

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