Paris, July 27, 2020 LVMH Moët Hennessy Louis Vuitton, the world's leading high-quality products group, recorded revenue of 18.4 billion euros in the first half of … 07.10.2020 LVMH Maisons go all digital for Men’s Spring/Summer 2021 shows during Paris Fashion Week In a buoyant environment that remains uncertain in 2020, we continue to be vigilant and focused on our objectives for progress. The United States and Europe saw good progress in the third quarter, as did Asia, despite the difficult context in Hong Kong.LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded a 16% increase in revenue, reaching € 38.4 billion in the first nine months of 2019. Riding high on its hugely successful 2019, LVMH was poised for an even bigger 2020, prior to the pandemic. In addition to the many successes of our Maisons, highlights of the year include the arrival of the exceptional hotel group Belmond, the partnership with Stella McCartney and the agreement with prestigious jewelry Maison, Tiffany & Co. LVMH is driven by a permanent commitment to perfection and quality, and by a long-term vision combined with a sense of responsibility in all our corporate actions, notably in its commitment for the preservation of the environment, sustainability and inclusion.
Stores will be opening slowly and in line with local authority guidance, but the brand is planning to continue building in the key Asia market.The pandemic “slowed revenue sharply” for LVMH’s Selective Retailing division, according to a report published with the results.He concluded: “Thanks to the strength of our brands and the responsiveness of our organization, we are confident that LVMH is in an excellent position to take advantage of the recovery, which we hope will be confirmed in the second half of the year, and to strengthen our lead in the global luxury market in 2020.”The report said: “DFS’s two main markets were affected to varying degrees during this trying period: Hong Kong, which was already hampered by the drop in tourism in 2019, was much more heavily hit by the pandemic, whereas in Macao, the closure of DFS’s seven stores only lasted two weeks.”
Organic revenue growth was 8% for the quarter. The reconciliation between “Net cash from operating activities” and “Operating free cash flow” as of December 31, 2019 and 2018:Bernard Arnault, Chairman and Chief Executive Officer of LVMH, said: “LVMH had another record year, both in terms of revenue and results. Q3 2019 REVENUE 18 SUMMARY 9 MONTHS 2019 REVENUE |Continued solid performance |All business groups and regions contributed to Q3 growth |Focus on innovative, high quality products, selective store network expansion, cost management |Cautiously confident for the rest of the year in context of geopolitical uncertainties Objective of LVMH in 2019 Revenue rose 15 per cent to €53.7 billion during 2019, the company said in its full-year financial report on Tuesday. 07.17.2020 Louis Vuitton unveils “Game On”, a contemplative and playful 2021 Cruise Collection Restated for the non-recurring effects of the VAT increase in Japan and the stock movements of distributors of cognac in the US, the Group’s organic growth was at a similar level in the third and fourth quarters.In an uncertain geopolitical context, LVMH is well-equipped to continue its growth momentum across all business groups in 2020. Moët Hennessy Louis Vuitton (LVMH) saw revenue fall 27% to €18.4bn in the first half of the year, as the ongoing global pandemic took its toll.. LVMH, the world’s leading luxury products group, gathers 75 prestigious brands, with 53.7 billion euros revenue in 2019 and a retail network of over 4,910 stores worldwide.
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