LVMH: 16% Sales Gain in Perfume and Cosmetics for First Half of 2018

@GuerlainUS/ via

LVMH Moët Hennessy Louis Vuitton has reported its revenue for the first half of 2018.

The company saw sales of €21.8 billion, a 10% increase over the previous year. During the second quarter specifically, revenue increased 11% over the same period of 2017.

With sales of €2.877 million, perfumes and cosmetics posted organic revenue growth of 16%. Highlights included Christian Dior (driven by the fragrances J’adore, Miss Dior and Sauvage); growth of Guerlain’s Rouge G lipstick and rapid progress of the brand’s skin care range Abeille Royale; Parfums Givenchy and growth in Givenchy makeup; Benefit’s enhanced mascara range and brow collection; and strength growth from Fresh, Fenty Beauty and Acqua di Parma. The company also noted strong revenue growth from Sephora, both in-store and online.

Bernard Arnault, chairman and CEO, commented: “The excellent results of the first half of the year attest to the strong desirability of our brands and the effectiveness of our strategy. The performance of the first half is even more remarkable given the unfavorable currency environment. The standards of quality and creativity required from our Maisons, which combine both modernity and tradition, are key to LVMH’s success, always driven by a long-term vision. Despite buoyant global demand, monetary and geopolitical uncertainties remain. In this context, we will stay vigilant and rely on the talent of our teams and the shared entrepreneurial passion to further increase our leadership in the world of high quality products in 2018.”

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