LVMH revenue grew 16% in first half raised by champagne, perfume sales

Article Abstract:

LVMH Moet Hennessey Louis Vuitton SA posted strong growth in revenues for the first half of 1999. The French luxury group posted a 16% rise in revenues to 3.59 billion euros for the six-month period to June 30. The group's figures were helped by an increase in sales of champagne, as well as by the economic recovery of the Asian region. LVMH forecasted that its operating profit for 1999 will improve by 15%.

Comment:

Posts strong growth in revenues for first half of 1999

Wine & Brandy, Wineries, Wine industry

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LVMH posts 29% decline in net profit

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA reported a decline in its 1998 net profits of 29%. The drop in profits was primarily attributed to the weak market in the Asian region. LVMH's net profits dropped to 525 million euros ($577.2 million), compared to 742 million euros in 1997. The company posted a 6.7% drop in profits to 1.18 million euros over 1997's 1.27 billion euros.

Comment:

Reports decline in its 1998 net profits of 29%

Leather goods, not elsewhere classified, Leather Goods NEC, All Other Leather Good Manufacturing, Abstract, Leather industry, Leather goods

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LVMH luxury names boosted 2002 profit

Article Abstract:

LVMH Moet Hennessy Louis Vuitton S.A. posted a rise of 29% in its operating profits for 2002. The company posted 2.01 billion euros in operating profits for the year.

Company sales and earnings, Company earnings/profit, Luxuries

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