LVMH: Group share of net income of ?7,267m for the 1st half of the year
(CercleFinance.com) - In the first half of 2024, LVMH Moët Hennessy Louis Vuitton recorded sales of E41.
7 billion, up +2% organically.
The Fashion and Leather Goods business group recorded organic sales growth of 1% to E8,058 million in the first half of 2024. Profit from recurring operations was down 6%.
The Wines and Spirits business recorded a 9% organic decline in sales to ME777 in the first half of 2024. Profit from recurring operations was down 26%.
Perfumes and Cosmetics recorded organic growth of 6% to ME445, while Watches and Jewelry sales fell (-3% organic) to ME877.
Profit from recurring operations for the first half of 2024 came to 10,653 ME (compared with 11,574 ME for the 1st half of 2023), with an operating margin of 25.6%.
Net income, Group share, came to 7,267 ME, down -14% compared with the 1st half of 2023 (8,481 ME).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
7 billion, up +2% organically.
The Fashion and Leather Goods business group recorded organic sales growth of 1% to E8,058 million in the first half of 2024. Profit from recurring operations was down 6%.
The Wines and Spirits business recorded a 9% organic decline in sales to ME777 in the first half of 2024. Profit from recurring operations was down 26%.
Perfumes and Cosmetics recorded organic growth of 6% to ME445, while Watches and Jewelry sales fell (-3% organic) to ME877.
Profit from recurring operations for the first half of 2024 came to 10,653 ME (compared with 11,574 ME for the 1st half of 2023), with an operating margin of 25.6%.
Net income, Group share, came to 7,267 ME, down -14% compared with the 1st half of 2023 (8,481 ME).
Copyright (c) 2024 CercleFinance.com. All rights reserved.