LVMH has hailed another set of record full-year results, with the luxury retail firm booking double-digit increases in revenue and profit from recurring operations.
The parent company of Louis Vuitton, Dior, Sephora, Bvlgari and Kenzo recorded full-year revenue of €46.8 billion (£40.85 billion) in 2018, an increase of 10 per cent over the previous year.
Meanwhile, profit from recurring operations surged 21 per cent year-on-year to €10 billion (£8.72 billion) in 2018, and operating margin reached a level of 21.4 per cent – an increase of 1.9 percentage points.
LVMH’s group share of net profit grew 18 per cent to €6.4 billion (£5.58 billion), while free cash flow increased 16 per cent to €5.5 billion (£4.79 billion).
