LVMH: record 2018 results (underlying EBITDA over E10bn)
(CercleFinance.com) - On Tuesday evening LVMH, Louis Vuitton Moët Hennessy group announced 2018 sales of 46.
826 billion euros, up 10% year-on-year.
Underlying operating income came in just above 10 billion euros in 2018, up 21%. The group's underlying operating margin reached 21.4% (+1.9 points), with net income, group share of 6.4 billion euros (+18%).
Bernard Arnault, LVMH's Chairman and Chief Executive Officer said that LVMH had a new record year - both in terms of sales and results. In particular, with underlying EBITDA exceeding 10 billion euros. Brand appeal, along with the creativity and quality of LVMH products, the unique experience offered to customers, the talent and commitment of teams are all group strengths which, once again have enabled it to stand out.
At its next AGM LVMH will propose a dividend of 6 euros per share, up 20% y-o-y.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
826 billion euros, up 10% year-on-year.
Underlying operating income came in just above 10 billion euros in 2018, up 21%. The group's underlying operating margin reached 21.4% (+1.9 points), with net income, group share of 6.4 billion euros (+18%).
Bernard Arnault, LVMH's Chairman and Chief Executive Officer said that LVMH had a new record year - both in terms of sales and results. In particular, with underlying EBITDA exceeding 10 billion euros. Brand appeal, along with the creativity and quality of LVMH products, the unique experience offered to customers, the talent and commitment of teams are all group strengths which, once again have enabled it to stand out.
At its next AGM LVMH will propose a dividend of 6 euros per share, up 20% y-o-y.
Copyright (c) 2019 CercleFinance.com. All rights reserved.