Highlights of 2007 include: • Double-digit organic revenue growth for the Group, • Continued strong growth of major brands, • Further market share gains in all business activities, • Outstanding momentum in Wines & Spirits, • Exceptional operating margin at Louis Vuitton which recorded another year of double-digit organic revenue growth, • Strong growth in the results of Watches & Jewelry, whose operating margin reached 17% in 2007, • Excellent performance from Perfumes & Cosmetics, led by Christian Dior, • Strong growth in revenue and profitability at Sephora, • Cash from operations before changes in working capital of 4 billion Euros, an increase of 15%.
Fashion & Leather Goods: strong momentum at Louis Vuitton and growing success at Fendi: In 2007, Fashion & Leather Goods saw organic revenue growth of 14%. Profit from recurring operations rose by 12% to 1 829 million Euros. Louis Vuitton strengthened its leadership position in 2007 and once again achieved double-digit organic revenue growth and an exceptional level of profitability.
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