French luxury goods firm LVMH`s H1 FY21 revenue surges 56% to €28.6 bn

Fashion

27 Jul `21

2 min read

With remarkable performance by the Fashion & Leather Goods business group, particularly Louis Vuitton, Christian Dior, Fendi, Loewe and Celine, LVMH Moet Hennessy Louis Vuitton has reported 56 per cent revenue growth to €28.6 billion in first half (H1) of FY21 ended in June 2021 against same period of prior fiscal and 14 per cent compared to 2019.

With remarkable performance by the Fashion & Leather Goods business group, particularly Louis Vuitton, Christian Dior, Fendi, Loewe and Celine, LVMH Moet Hennessy Louis Vuitton has reported 56 per cent revenue growth to €28.6 billion in first half (H1) of FY21 ended in June 2021 against same period of prior fiscal and 14 per cent compared to 2019.#

Sales from Fashion & Leather Goods segment during the six-month period surged 74 per cent to €7.9 billion (€13.8 billion).

With remarkable performance by the Fashion & Leather Goods business group, particularly Louis Vuitton, Christian Dior, Fendi, Loewe and Celine, LVMH Moet Hennessy Louis Vuitton has reported 56 per cent revenue growth to €28.6 billion in first half (H1) of FY21 ended in June 2021 against same period of prior fiscal and 14 per cent compared to 2019.#

Louis Vuitton, driven by its creativity and the artisanal excellence of its products, delivered a remarkable performance and maintained its profitability at an exceptional level. The Maison continued to offer its customers a unique experience, whether in its stores or through its many original initiatives, according to the company. Christian Dior had an excellent first half with strong growth among local customers across all its product categories.

With remarkable performance by the Fashion & Leather Goods business group, particularly Louis Vuitton, Christian Dior, Fendi, Loewe and Celine, LVMH Moet Hennessy Louis Vuitton has reported 56 per cent revenue growth to €28.6 billion in first half (H1) of FY21 ended in June 2021 against same period of prior fiscal and 14 per cent compared to 2019.#

During H1 FY21, profit from recurring operations increased 4.6 times to €7.6 billion against prior year (€1.6 billion).

With remarkable performance by the Fashion & Leather Goods business group, particularly Louis Vuitton, Christian Dior, Fendi, Loewe and Celine, LVMH Moet Hennessy Louis Vuitton has reported 56 per cent revenue growth to €28.6 billion in first half (H1) of FY21 ended in June 2021 against same period of prior fiscal and 14 per cent compared to 2019.#

“Highlights from the first half include the integration of the Maison Tiffany and the inauguration of La Samaritaine after an ambitious renovation programme. Within the current context, as we emerge from the health crisis and see a recovery in the global economy, I believe that LVMH is in an excellent position to continue to grow and further strengthen our lead in the global luxury market in 2021,” Bernard Arnault, chairman and CEO of LVMH, said in a press release.

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