LVMH outperformed all expectations posting 16% FY15 sales’ growth within a general economic slowdown, to €35.7bn. The organic growth was limited to 6% which is a strong figure in an industry expected to slowdown. The revenues benefited from the positive forex impact and the strengthening US$, as 32% of 2015 sales are invoiced in $. The underlying operating profit was up by 16%, worth €6.6bn, generating a net profit of €3,573m, i.e. 20% increase on a constant base. The sel
04 Feb 2016
FY15 results, beyond Chinese worries
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FY15 results, beyond Chinese worries
LVMH Moet Hennessy Louis Vuitton SE (MC:WBO) | 0 0 0.9% | Mkt Cap: 125,021m
- Published:
04 Feb 2016 -
Author:
Rim BEN SALAH -
Pages:
2
LVMH outperformed all expectations posting 16% FY15 sales’ growth within a general economic slowdown, to €35.7bn. The organic growth was limited to 6% which is a strong figure in an industry expected to slowdown. The revenues benefited from the positive forex impact and the strengthening US$, as 32% of 2015 sales are invoiced in $. The underlying operating profit was up by 16%, worth €6.6bn, generating a net profit of €3,573m, i.e. 20% increase on a constant base. The sel