Thursday, February 5, 2015

LVMH records €30. 6 billion returns in 2014

The world's main luxury products group—LVMH Moët Hennessy Louis Vuitton, has recorded revenue at €30. 6 billion in 2014, registering an increase of 6 % over the previous year.

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The group's revenue in almost all business clusters, including fashion and leather stuff, increased during the year. While the group serviced at all strong momentum in the United States, Europe showed good resilience despite the economic environment. Nevertheless , Asian countries displayed mixed trends.

The style and leather goods business audience recorded organic revenue growth of some per cent in 2014 compared to all natural revenue growth of 5 per cent for the complete LVMH group. Profit from recurring surgeries reached €3. 189 billion.

In support of Louis Vuitton, 2014 was characterised merely strong creative momentum, dominated among the enthusiastic reception of Nicolas Ghesquière's first runway shows and of fresh products.

The celebration of the Monogram canvas as revisited by half dozen leading designers and the inauguration of Avenue Montaigne flagship store while Paris were among the highlights of last quarter.

2014 marked initial year of Loro Piana's integrating into the business group. Fendi gone through strong growth driven by the fulfillment of its iconic lines. Celine kept its remarkable performance. Other patterns brands such as Givenchy iPhone 6 plus cover, Kenzo plus Berluti experienced accelerated growth along with Donna Karan and Marc Jacobs are in a redeployment phase, LVMH said.

"The 2014 results what is capacity for LVMH to progress despite fiscal and currency uncertainty. Revenue plus net profit reached new exceptional levels, " said Bernard Arnault, chairman and CEO of LVMH.

Key highlights from 2014 incorporate a major increase in the net profit. Take advantage of recurring operations reached €5. 715 billion, resulting in an operating border of 19 per cent. Group write about of net profit was €5. 648 billion.

The fashion and synthetic leather goods business saw major fulfillment of new products at Louis Vuitton plus successful investments in other brands. However , some of the segment was principally impacted by gigantic negative exchange rate effect.

In support of 2015, LVMH group will upkeep a strategy focused on developing its trademarks by continuing to build on successful innovation and a constant quest for leading quality in their products and their distribution. (RKS)

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