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LVMH Scores 13% Rise in First Half 2006 Sales

Godfrey Deeny
July 25th, 2006 @ 10:40 AM

LVMH notched a 13% increase in first half sales, with all divisions posting solid advances, luxury’s largest conglomerate announced Tuesday.

Sustained by solid growth in all its business groups, strong performances in wines and spirits as well as watches and jewelry, and sturdy double-digit sales increases at its bell-weather brand, Louis Vuitton, LVMH registered sales of 6.968 billion Euros, or $8.780 billion in the first six months. This contrasted with sales of 6.173 billion Euros $7.777 billion in the like period a year earlier.

Paris based LVMH said its wines and spirits brands wracked up bullish growth, an 18% rise to 1.220 billion Euros ($1.537 billion).

LVMH cited the ability of Moet & Chandon and Dom Perignon to reinforce “their progress in Japan” and Hennessy cognac’s “momentum thanks to its premium qualities and the performances achieved in China and the US,” in its press release.

The publicly traded company added that its largest business group, fashion and luxury, recorded a 12% advance in sales to 2.466 billion Euros ($3.107 billion).
In its press release, LVMH singled out the “extraordinary success” of Vuitton’s new Monogram perfore and Suede lines, and “strong momentum” at Fendi.

In selective retailing, where LVMH controls DFS, Le Bon Marche and Sephora, the French conglomerate enjoyed a 7% rise in turnover to 1.798 billion Euros, or ($2.265 billion).

LVMH’s perfume and cosmetics group grew by 13% to 1.169 billion Euros ($1.472 billion) buoyed by the “major success” of Guerlain’s Orchidee Imperiale and Givenchy’s Very Irresistible line.

Dramatically, LVMH’s smallest division scored its most spectacular growth. Watches and jewelry surged 23% to 320 million Euros ($403 million), led by the worldwide expansion of TAG Heuer’s Carrera and Aquaracer lines and the launch of Christian Dior’s Christal watch.

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