LVMH Q4 Sales Rise 5%

PARIS — LVMH Moët Hennessy Louis Vuitton said revenues for the fourth quarter totaled 10.38 billion euros, or $11.35 billion, a 5 percent increase in organic terms.

By division, also on an organic basis, sales for LVMH’s key fashion and leather-goods division advanced 3 percent. Meanwhile, wines and spirits gained 4 percent; perfumes and cosmetics, 7 percent; watches and jewelry, 3 percent, and selective retailing, 5 percent.

The group noted that in reported terms, its fourth-quarter sales rose 12 percent, including a currency impact of 7 percent.

For 2015, LVMH’s group share of net profit was 3.57 billion euros, or $3.97 billion, up 20 percent excluding the exceptional capital gain from the Hermès share distribution.

Company sales were 35.66 billion euros, or $39.62 billion, a 16 percent rise on-year in reported terms and 6 percent on an organic basis.

Bernard Arnault, chairman and chief executive officer, said: “The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty. Revenue and operating profit reached new record levels.”

Dollar figures are calculated at average exchange for the period to which they refer.

The company released numbers in a statement after the close of the market on Tuesday and prior to the start of a financial analyst meeting.

Words: Jennifer Weil

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