LVMH Moet Hennessy Louis Vuitton, the world's leading luxury products group, has reported revenue of €6,968 million in the first half of 2006, reflecting organic growth of 12% compared to the first half of 2005. This growth was similar in both the first and second quarters, and comes on top of high organic growth of 12% in the second quarter of 2005.
The first half of 2006 was particularly notable for:
-- Sustained revenue growth across all the Group's business groups,
-- Rapid development in Europe and the US and a tangible acceleration of growth in several Asian countries,
-- Strong performance from Wines & Spirits even when compared to a very strong first half in 2005,
-- Continued double-digit revenue growth from Louis Vuitton,
-- Market share gains across all brands.
Wine & Spirits recorded an 18% increase in its revenue in the first half of 2006. This excellent performance was achieved through strong volume growth accompanied by improved product mix and a continuing policy of introducing price increases in key markets.
Within Fashion & Leather Goods, Louis Vuitton continued its double-digit growth (12%) in organic sales over the period. The new Monogram perfore and Suede lines along with the new models in the Denim line demonstrated extraordinary success. The revenue growth in the first half was also sustained for the other fashion brands. Fendi confirmed its strong momentum.
Within Perfumes & Cosmetics, Parfums Christian Dior enjoyed an excellent first half and continued to gain market share. All product lines - perfume, make-up and skincare, experienced rapid growth across all markets. Worthy of note was the remarkable success of the Capture skincare line and the continued strong performance of the iconic perfume J'Adore. At Guerlain, the launch of Orchidee Imperiale has been a major success. Parfums Givenchy recorded strong growth thanks to the performance of its Very Irresistible line.
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