23 May, 2018 - 25 May, 2018
24 May, 2018 - 25 May, 2018
29 May, 2018 - 31 May, 2018
30 May, 2018 - 01 June, 2018
04 June, 2018 - 08 June, 2018
New York, USA
Leading luxury French conglomerate, LVMH, has recorded revenue of €42.6 billion in 2017, representing a 13% increase over the previous year, with all business groups posting double-digit organic growth, except for the Wines and Spirits division.
In 2017, LVMH’s organic revenue growth was 11%. Profit from recurring operations reached €8,293 million in 2017 (+18%), and operating margin reached 19.5%. Group share of net profit was €5,129 million (+29%). The Group highlights the success of both iconic and new products at Louis Vuitton, whose profitability is said to remain at an exceptional level, as well as the acquisition of Christian Dior Couture, which is showing excellent performance, and the recorded growth at Fendi and Loro Piana in the year.
Total revenue for the Fashion & Leather Goods segment stood at €15,472 million, up + 13% (+21% reported). In terms of profit from recurring operations, this segment recorded +27% growth, year-over-year, and remains the most profitable category for the conglomerate; selective retailing (+17%), watches and jewellery (+12%), perfumes and cosmetics (+9%), wines and spirits (+4%).
New products arising from Louis Vuitton’s collaborations with the artist Jeff Koons as well as the Supreme brand, the launch of the brand’s first smart watch and the inauguration of the Maison Louis Vuitton Vendôme in Paris, France, were among the key events in 2017. Christian Dior Couture, whose business became fully consolidated within the Group in the second half, is said to have achieved an excellent performance, while Fendi continued to grow strongly and Loro Piana, Céline, Loewe, Kenzo and Berluti, all made good progress. Marc Jacobs strengthened its product offering and continued its restructuring. Luggage brand Rimowa completed its first year within the LVMH Group.