243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
AFP
Published
Jul 27, 2010
Download
Download the article
Print
Text size

LVMH reports 53 percent profit jump

By
AFP
Published
Jul 27, 2010

PARIS, July 27, 2010 (AFP) - French luxury goods giant LVMH on Tuesday reported a 53 percent jump in first half net profit on the back of better-than-expected sales and predicted a sound showing in the second half.

LVMH
Louis Vuitton - S/S 2010

Net earnings in the January-June period came to 1.1 billion euros (1.4 billion dollars). Sales in first half shot up 16 percent to 9.1 billion euros.

At the operating level, earnings rose 33 percent to 1.82 billion euros.

The results easily surpassed forecasts from analysts polled by Dow Jones Newswires who had foreseen sales of 8.85 billion euros, a 13 percent gain, and operating earnings at 1.68 billion euros, a rise of 24 percent.

The company, which markets high-end spirits such as Dom Perignon champagne and Hennessy cognac, along with leather goods, perfume and cosmetics, said all sectors reported double-digit sales increases.

While the world's leading luxury goods group issued no forecast for the rest of the year, chief executive Bernard Arnault said the company was beginning the second half "with confidence."

He said LVMH wanted to "continuing growing its market share in its historic areas as well as in emerging markets with solid potential."

In the first half, all regions -- apart from Japan -- showed growth.

LVMH suffered a 23 percent fall in net earnings in the first half of 2009 when much of the world was gripped by the global financial crisis.

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.