LVMH: H1 net attributable income reaches E3,268m

(CercleFinance.com) - LVMH (Louis Vuitton Moët Hennessy) has reported H1 2019 sales of 25.
1 billion euros, up 15%.

Organic sales growth was 12% y-o-y. Q2 2019 sales were up 15% compared to the same period in 2018.

H1 2019 underlying operating was 5,295 million euros, up 14%, while its underlying operating margin was 21.1%, stable compared to the first half of 2018. Net attributable income amounted to 3,268 million euros, up 9%.

The Fashion and Leather goods business recorded 18% organic sales growth. Underlying operating income was up 17%. The Wines and Spirits business recorded organic sales growth of 6% with underlying operating profit up 6%.

The Perfume and Cosmetics business posted organic sales growth of 9%. The Watches and Jewellery business recorded an organic sales growth of 4%, driven by jewellery. Underlying operating income was up 5%.

Selective Retailing achieved organic sales growth of 8%, with underlying operating income up 17%.


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