LVMH closed the 2007 with double digits growth

By: trademagazin Date: 2008. 02. 08. 00:00

World's leading luxury products group's evenue rose to 16.5 billion Euros.

LVMH Moet Hennessy Louis Vuitton, the, recorded 2007 profit from
recurring operations of 3 555 million Euros, an increase of 12%
compared to an already strong performance in 2006. The current
operating margin again improved, reaching 22% in 2007. Reflecting
organic growth of 13% to which all business groups and all regions
contributed.

This performance is even more noteworthy in view of the strong
negative impact of exchange rates, which mainly affected the second
half of the year. At constant exchange rates, profit from recurring
operations increased by 20% in 2007. Following growth of 30% in 2006,
the Group share of net profit increased by 8% in 2007. This increase
is due to the change in net financial income, which in 2006 included
a high level of capital gains on divestments.