Leathergoods contribute more than half of LVMH profit for 2014
04/02/2015
Chief executive, Bernard Arnault, said the results confirm LVMH’s capacity to progress “despite economic and currency uncertainty”. He added: “Commitment to excellence, a passion for quality and our capacity to innovate underpin our growth momentum.”
Leathergoods and fashion was the biggest contributor to the group’s total, achieving revenues of €10.8 billion for the year, an increase of 10% compared to the figure for 2013. This represents 35% of overall group revenues.
However, when it comes to profit, leathergoods and fashion contributed €3.2 billion out of a total group profit for 2014 of €5.7 billion, a share of 56.1%. LVMH picked out Louis Vuitton, Fendi and Celine as leathergoods brands that performed particularly well.
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