LVMH revenues surpass 2019 figure by 20 percent
3 monthes ago - By Fashion United
Image: Kenzo by Nigo, LVMH News
LVMH Moët Hennessy Louis Vuitton recorded revenue of 64.2 billion euros in 2021, up 44 percent compared to 2020 and up 20 percent compared to 2019. Organic revenue growth was 36 percent compared to 2020 and 14 percent compared to 2019.
The company said in a release that the group's organic revenue growth of 22 percent in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Fashion & leather goods notably recorded organic revenue growth of 51 percent compared to 2019.
Profit from recurring operations stood at 17,151 million...
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LVMH Doubles Profit in 2021, Remains The Leader of Luxury Goods
3 monthes ago - By Luxuo
Image: Louis Vuitton
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has had an outstanding 2021 with growth exceeding expectations. The owner of Louis Vuitton, Dior, Bvlgari and TAG Heuer recorded revenue of €64.2 billion last year. This represents a 44 per cent increase when compared to 2020 and up 20 per cent when benchmarked against 2021.
The company's profit doubled year-on-year to €17.15 billion, which is a staggering 107 per cent jump compared to 2020 and a 49 per cent increase when compared to 2019. “The performance for the year confirms a return to strong growth...
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