LVMH: 2019 earnings up 13%
(CercleFinance.com) - LVMH's sales reached 53.
7 billion euros in 2019, up 15% and up 10% in organic terms.
Q4 2019 sales rose by 12% y-o-y, with organic growth of 8% over the quarter.
Underlying operating income was 11.5 billion euros in 2019, up 15% from 2018. Its underlying operating margin was 21.4%. Net income, group share amounted to 7.2 billion euros, up 13%.
The Fashion and Leather goods business group reported organic sales growth of 17% in 2019. Underlying operating income was up 24%.
Perfumes and Cosmetics reported organic sales growth of 9%, driven by the big brands Dior, Guerlain and Givenchy. Underlying operating profit inched up 1%.
The Watches and Jewellery division posted organic sales growth of 3%, while its underlying operating profit was up 5%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
7 billion euros in 2019, up 15% and up 10% in organic terms.
Q4 2019 sales rose by 12% y-o-y, with organic growth of 8% over the quarter.
Underlying operating income was 11.5 billion euros in 2019, up 15% from 2018. Its underlying operating margin was 21.4%. Net income, group share amounted to 7.2 billion euros, up 13%.
The Fashion and Leather goods business group reported organic sales growth of 17% in 2019. Underlying operating income was up 24%.
Perfumes and Cosmetics reported organic sales growth of 9%, driven by the big brands Dior, Guerlain and Givenchy. Underlying operating profit inched up 1%.
The Watches and Jewellery division posted organic sales growth of 3%, while its underlying operating profit was up 5%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.