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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lvmh Moet Hennessy Louis Vuitton SE | EU:MC | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.90 | -0.37% | 789.00 | 786.00 | 791.00 | 790.70 | 773.10 | 790.70 | 288,308 | 02:00:57 |
From May 2019 to May 2024
By Jason Chow
PARIS-- LVMH Moët Hennessy Louis Vuitton SE said Tuesday its second-quarter revenue rose 23% to EUR8.38 billion ($9.29 billion) as the French luxury goods company benefited from a weak euro and strong sales at its formerly struggling Louis Vuitton brand.
LVMH said first-half net profit totaled EUR2.96 billion, up 15% from the first six months of 2014. LVMH doesn't publish profit figures quarterly.
The weak euro has especially benefited the luxury industry as sales made abroad count for even more when translated back into euros. Organic revenue growth, which strips out the effects of the currency volatility, was 9% for the quarter.
Sales at its fashion and leather goods division, which makes up more than a third of total group revenue and includes Louis Vuitton, Fendi and Bulgari, rose 24% to EUR2.96 billion in the second quarter.
The retail conglomerate said there was "major success of new products at Louis Vuitton, where profitability remains at an exceptional level."
Write to Jason Chow at jason.chow@wsj.com
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