CASE STUDY FORE GROUP PROJECT
Excellent performance for LVMH in 2012
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011. This includes the integration of Bulgari as of June 30, 2011. Organic revenue growth was 9%. All business groups saw excellent momentum in Europe, Asia and the United States. Louis Vuitton, in particular, once again recorded double-digit revenue growth during the year.
Revenue increased by 12% in the fourth quarter, compared to the same period in 2011. The last quarter saw a modest increase in growth compared to the third quarter of 2012.
Profit from recurring operations increased by 13% to €5 921 million, a performance which is even more remarkable when compared to the strong growth in 2011. Current operating margin was 21% in 2012. Group share of net profit was €3 424 million, an increase of 12% compared to 2011.
Bernard Arnault, Chairman and CEO of LVMH, said: “2012 was another remarkable year for LVMH, especially in the context of the economic slowdown in Europe. All of our businesses demonstrated excellent momentum driven by innovation and the quality of their products, thereby strengthening their positions in traditional markets while continuing to develop in new ones. Looking beyond the appeal of our brands, it is the talent of our teams and their motivation that enables us to so effectively execute our strategy. In 2013, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound, long-term strategy.”
Highlights of 2012 include:
Profit from recurring operations close to 6 billion Euros
Further market share gains throughout the world
Strong momentum in the United States
Continued rapid growth in Asia
Strong progression in Wines & Spirits
Double-digit revenue growth and exceptional profitability at Louis Vuitton
Improved performance of other Fashion &…