The world’s largest manufacturer of luxury goods LVMH Moet Hennessy Louis Vuitton has increased its key financial indicators at the end of 2016, resulting in profit and revenues have reached historic highs, according to Interfax.
Income from continuing operations increased by 6% and amounted to a record €7,02 billion against €6.6 billion in 2015 Net profit increased by 11% to €3.98 bn
Revenue grew 5% and reached €37.6 billion, compared with €35.6 billion a year earlier.
Sales of perfumes and cosmetics increased by 6% to €4.95 billion In particular, the proportion of brand Christian Dior has increased in all regions of the world.
Sales of alcoholic drinks rose over the year by 5% to €4.83 billion. In particular, sales of Hennessy cognac rose by 10%. Sales of watches and jewelry increased by 5% to €3.47 billion including hours Hublot last year was the best in history.
Revenue divisions engaged in the production of clothes and bags, rose 3% to €12,77 billion.
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LVMH Moet Hennessy Louis Vuitton, controlled by French billionaire Bernard Arnault, is the world’s largest manufacturer of luxury items. The number of stores in the world greater than 3.8 thousand, the number of employees more than 120 thousand people, more than 80% of whom work outside France.
The share of USA in 2016 accounted for 27% of the company’s revenue in Asia (excluding Japan) is 26%, Europe (excluding France) 18% France 10%, Japan 7%, other markets – 12%. The capitalization of the company exceeds €97 billion.