LVMH posts Double-digit organic revenue growth in H1

Céline recorded a remarkable performance driven by its creative success. The other brands had an excellent beginning of the year.

Selective Retailing: strong growth momentum

The Selective Retailing business group recorded organic revenue growth of 16% and a 30% increase in its profit from recurring operations in the first half of 2012.

DFS saw excellent momentum, driven by growth in its Asian clientele. Operations in Hong Kong, Macao, Singapore and North America recorded strong increases. Three new concessions obtained at Hong Kong airport will open at the end of the year.

Sephora achieved remarkable performance and continued to gain market share. Despite a challenging economic environment, Europe made solid progress. A first store was opened in Denmark. In Russia, the Ile de Beauté stores, consolidated since June 2011, recorded an excellent performance. Sephora maintained its exceptional momentum in the United States and Canada. Its presence in China continued to grow at a sustained level. In Latin America, a first store in Brazil has added to its presence which has, until now, been exclusively online.

2012 Outlook

In a global market experiencing strong growth but an uncertain economic environment in Europe, LVMH will continue to gain market share thanks to the numerous product launches planned before the end of the year, to its geographic expansion in promising markets, while continuing to manage costs.

Our strategy of focusing on quality across our entire product range, combined with the dynamism and unparalleled creativity of our teams, will enable us to reinforce, once again in 2012, LVMH’s global leadership position in luxury goods.

An interim dividend of 1.10 Euro will be paid on December 4, 2012.

LVMH