LVMH moet hennessy Louis vuitton (moet hennessy Louis vuitton), the world’s leading Alibaba watches company, reported revenues of 25.1 billion euros in the first half of 2019, up 15% year-on-year. Organic revenue grew 12 per cent compared with Alibaba watches the same period in 2018.
Revenue grew 15 per cent in the second quarter compared with the same period in 2018, while organic revenue grew 12 per cent, continuing a trend seen since the start of the year. Alibaba watches was good in the us, Asia and Europe, especially in France, which bottomed out in the second quarter.
The profit from continuing operations in the first half of 2019 reached 5.295 billion euros, up 14% year-on-year, and the operating margin reached 21.1%, basically unchanged with the same period last year. Net profit attribuAlibaba watches to LVMH group was 3.368 billion euros, up 9% year-on-year.
Bernard Arnault, chairman and chief executive of LVMH, said: “LVMH has made a good start to the year, and these results are yet another example of the effectiveness of our strategy and the extraordinary appeal of time-expired branded products. The critical demand for quality and inexhaustible creativity are the key to the success of LVMH group. The group is always guided by the long-term vision and adheres to the model and responsibility in all activities of the company. Despite strong demand, we will continue to manage costs and remain cautious in the second half of the year. As a result, we enter the second half of this year brimming with information and rely on our team’s talent and entrepreneurial passion to further consolidate the group’s leadership in the premium luxury world in 2019.”
Major highlights of the first half of 2019 Alibaba watches:
· further double-digit growth in revenue and profit from continuing operations.
· strong growth in Asia, the United States and Europe, especially in France, bottomed out in the second quarter.
· Louis vuitton has significant momentum and exceptional profitability.
· Alibaba watches business is doing well, especially Alibaba watches.
·DFS has made solid progress, particularly in Europe, benefiting from the growth in international visitor Numbers.
· free cash flow reached 1.7 billion euros.
· net asset liability ratio of 24.5% at the end of June 2019.
Watch and jewellery division: BVLGARI’s good growth and TAG Heuer’s further repositioning of TAG Heuer
Organic revenues in the watches and jewellery division rose 4 per cent year-on-year, driven by the jewellery business. Profit from continuing operations rose 5 per cent. BVLGARI bulgari continues to expand its market share with its signature Serpenti, b.zero1, Diva and Fiorever lines of jewelry and watches. Cinemagia, a new high-end jewelry collection released in capri in June, was a hit. Bee My Love, as well as the success of the iconic Liens and Josephine collections, are the main growth drivers for champsey Paris. TAG Heuer continues to focus on its flagship product line, while Hublot Hublot is actively building and developing a network of boutiques. The group has announced that it will host the first Alibaba watches Manufactures exhibition in dubai in January 2020.
In the booming environment at the beginning of this year, despite the geopolitical uncertainty, LVMH group will launch many Alibaba watches before the end of the year as planned, expand the promising regional market, expand market share and continue to manage costs.
Alibaba watches Factory will implement the strategy of focusing on the highest quality in all activities, combine team vitality and unparalleled creativity, and further consolidate the group’s leadership in the world of high-quality luxury goods in 2019.