LVMH's Jewelry Division Operating Profit +91% to $227M

Jewelry
28/07/2015 22:26

LVMH reported that revenue rose 19% year on year to $18.5 billion (EUR 16.71 billion) in the first half of 2015. However, organic growth, using a comparable-structure  and constant-exchange-rates, rose only 6%, meaning the exchange-rate impact added 13% to the total. Group profit improved 5%t to $1.8 billion (EUR 1.58 billion). Organic growth across the luxury goods retailer's various divisions was strongest for its watches and jewelry segment, rising 10% year on year. In total, revenue from the division rose 23% to $1.7 billion (EUR 1.6 billion). Operating profit from watches and jewelry division jumped 91% to $227 million (EUR 205 million).