The pace of growth in early 2016 was maintained in Q2 amid a challenging global backdrop. Q2 sales grew at a modest 2%, bringing the H1 performance to 3% (€17,188m). Wines & spirits outperformed with a 7% surge to reach €2,056m, boosted by the strong momentum in cognac and spirits (+13% in volume and +10% in value). The core business retreated slightly by 1% to €5,933m despite the good progression of the main brands. All other segments experienced healthy growth (4-5%) with
27 Jul 2016
Comforting H1 performance
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Comforting H1 performance
LVMH Moet Hennessy Louis Vuitton SE (MC:WBO) | 0 0 0.9% | Mkt Cap: 125,021m
- Published:
27 Jul 2016 -
Author:
Rim BEN SALAH -
Pages:
3
The pace of growth in early 2016 was maintained in Q2 amid a challenging global backdrop. Q2 sales grew at a modest 2%, bringing the H1 performance to 3% (€17,188m). Wines & spirits outperformed with a 7% surge to reach €2,056m, boosted by the strong momentum in cognac and spirits (+13% in volume and +10% in value). The core business retreated slightly by 1% to €5,933m despite the good progression of the main brands. All other segments experienced healthy growth (4-5%) with