French luxury concern LVMH has managed a record turnover in 2015, thanks to its better performance in both Europe, the United States and Japan. Other Asian countries proved more difficult.
Growth in all branches
LVMH’s total 2015 turnover reached 35.7 billion euro, up 16 % compared to the year before. Its organic turnover also grew 6 %, while fourth quarter turnover alone grew 12 %.
LVMH’s net profit reached 3.573 billion euro, which is a 20 % increase compared to the year before. “2015’s results confirm LVMH is able to grow and capture market share, despite economic and geopolitical uncertainty”, LVMH CEO, Bernard Arnault said.
Every LVMH branch managed to boost its turnover in 2015: Watches & Jewelry grew the most (+ 19 %), Wines & Spirits was second (+ 16 %), Perfumes and Cosmetics third (+ 15 %) and Fashion & Leather Goods fourth (+ 14 %). The company believes it can maintain these growth numbers in 2016.
