LVMH Moët Hennessy Louis Vuitton’s revenue for the first half of 2012 increased 26 percent to $16 billion.
Organic revenue from the watch and jewelry sector increased 13 percent since the first half of 2011. Overall revenue from that sector increased some 133 percent, to $1.6 billion. Profit from the watch and jewelry sector increased some 85 percent, to $196 million.
“LVMH’s excellent performance in the first half, once again, demonstrates the exceptional appeal of our brands, the attraction of our high quality artisanal products and the pertinence of our strategy,” Bernard Arnault, chairman and CEO of LVMH, said in a statement.
Highlights of LVMH’s financial statement (first half of 2012):
- Total revenue: Up 26%
- Revenue from watches and jewelry: Up 13%
- Cash from operations: Up 26%