LVMH's Second-Quarter Revenue Rises 23%

PARIS—LVMH Moë t Hennessy Louis Vuitton SE said Tuesday its second-quarter revenue rose 23% to €8.38 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 €2.96 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 €2.96 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."

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