Now Reading
Record results for LVMH, Jaguar unveils new XF sedan and the other news of the day

Record results for LVMH, Jaguar unveils new XF sedan and the other news of the day

Record results for LVMH, Jaguar unveils new version of the XF sedan, L’Oréal, champion of sustainable development and the other news of the day.

Press review

 

2018 a record year for LVMH

photo: LVMH

The world’s leading luxury goods company LVMH recorded another “record” year in 2018, with sales at their highest level at €46.8 billion, up 10%, and net profit up 18% to €6.4 billion.

LVMH has achieved another record year in terms of both sales and results,” said Bernard Arnault in the press release.

In an uncertain geopolitical and monetary context“, the group is approaching 2019 with “cautious confidence“, with the objective of “strengthening its lead” in the global luxury market, according to the statement.

Current operating income (OIR) exceeded €10 billion for the first time last year, at €10.003 billion, while the operating margin reached 21.4%, compared to 19.5% in 2017.

Organic sales growth reached 11% last year and stood at 10% in the fourth quarter only, which “continues the trends observed since the beginning of the year“, according to the group. LVMH explained that it had recorded “sustained growth” in Asia, as in Europe and the United States, and did not mention a slowdown in the Chinese market, despite fears weighing on the luxury sector due to trade tensions with the United States.

 

What's Your Reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

COPYRIGHT 2020 LUXUS + ALL RIGHTS RESERVED

Scroll To Top