After a catastrophic first half of 2020 due to the Covid-19 pandemic, many companies would be satisfied with an annual rebound in their sales of 11% over the first six months of 2021. LVMH is showing this growth compared to ... in the first half of 2019, its previous all-time high.
The half-year operating profit of the world leader in luxury jumped 44% over two years (+ 360% over one year), to 7.6 billion euros, for a turnover of 28.7 billion (+ 53% over one year).
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"LVMH benefits from maintaining a sustained policy of innovation and investment during the health crisis despite the global crisis"
, explains Bernard Arnault, CEO and main shareholder of the group.
LVMH owes this exceptional growth to its fashion and leather goods branch (Louis Vuitton, Dior, Celine, etc.), whose sales jumped 38% over two years (+ 81% over one year).
Another source of profit, the wines and spirits branch (Hennessy) saw its sales increase by
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