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Net profit of the world manufacturer of luxury goods, LVMH Moet Hennessy Louis Vuitton SA, grew by 18% in 2018. Profit from continuing operations increased by 21% and exceeded 10 billion euros against 8.293 billion euros in 2017. Revenue growth was 10%. The figure increased from 42.636 billion euros to 46.826 euros. Sales rose 11%. LVMH financial performance exceeded historic highs. Maximum revenue growth was recorded in the clothing and leather goods segment. Revenue rose by 19% to 18.455 billion euros. Organic growth was 15%, profit from continuing operations was 21%. Sales of perfumes and cosmetics increased by 10%, and profits - by 13%. Sales of alcohol increased by 1%, while sales of watches and jewelry of the brand increased by 8%. Profit growth in the segment was 37%. LVMH Moet Hennessy Louis Vuitton SA is owned by French billionaire Bernard Arnault and produces luxury items from 70 brands. The company supplies alcohol, clothing, accessories, jewelry, perfumes and cosmetics to the market.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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