French luxury goods group LVMH Moet Hennessy Louis Vuitton recorded a 16% increase in its 2005 profit from recurring operations amounting to €2,743 million based on revenue of €14 billion.

According to the company this performance is a result of the strong momentum in organic growth, contributed to by all business groups and geographic regions.

The Fashion & Leather Goods business group saw an increase of 12% in its profit from recurring operations to €1,467 million in 2005. Louis Vuitton reported positive results and continued to achieve double-digit organic revenue growth. Fendi reaped the benefits of a new strategy and saw an improvement in its profitability in 2005. Similarly, Marc Jacobs and Pucci also posted pleasing results.

Profit from recurring operations at the Wines & Spirits business group rose 7% to €869 million in 2005 despite the negative impact of exchange rates and the Perfumes & Cosmetics business group recorded an increase of 15% in its profit from recurring operations. Profit from recurring operations of the Watches & Jewellery business group increased fivefold in 2005.