LVMH: 2017 net income, group share up 29%
(CercleFinance.com) - LVMH's 2017 sales came in at 42.
6 billion euros, up 13%. Organic sales growth reached 12%.
All divisions recorded double-digit organic growth - apart from wines and spirits (7%) - the group said.
2017 underlying operating profit reached 8,293 million euros, up 18%. The underlying operating margin reached 19.5%. Meanwhile, net income, group share was 5,129 million euros, up 29%.
At LVMH's AGM on 12 April 2018, the group will propose a dividend of 5 euros per share, up 25%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 billion euros, up 13%. Organic sales growth reached 12%.
All divisions recorded double-digit organic growth - apart from wines and spirits (7%) - the group said.
2017 underlying operating profit reached 8,293 million euros, up 18%. The underlying operating margin reached 19.5%. Meanwhile, net income, group share was 5,129 million euros, up 29%.
At LVMH's AGM on 12 April 2018, the group will propose a dividend of 5 euros per share, up 25%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.