LVMH Group Sales Increased 4% In 2013
The world's largest Luxury goods Group LVMH recently released its annual performance bulletin in 2013: Sales of 29 billion 100 million euros, up 4% from 2012, organic growth (at constant exchange rate and comparable company structure) to 8%; sales in the fourth quarter of 2013 increased by 2.4%, better than that of 1.7% in the third quarter; the profit from continuing business reached 6 billion 21 million euro, compared with 2012, which was particularly strong in 2012, still 2% growth - 21%; group net profit 3 billion 436 million euro, basically flat with 2012; Asian and US momentum was good, Europe maintained growth trend; free cash flow was proportional to growth of 3 billion 436 million, reaching Euro EUR; as at the end of December 2013, asset liability ratio was lower than that of 2012.
According to the Department,
The wine and spirits sector performed well, with an organic growth of 6% in 2013, but in the fourth quarter, it was worse than the third quarter. Annual operating profit increased by 9%. Asia and the US have strong market momentum and Europe is not booming. The strategy of focusing on high-end products, strict pricing policy and keeping the initiative of innovation has achieved success. The performance of champagne, sparkling wine and red wine is stable and solid. Hennessy Cognac is mainly driven by the US market (compared with Remy Martin's performance last year, which relies heavily on the Chinese market).
Latest fashion Leather goods The organic growth in 2013 was 5%, and the fourth quarter was better than the third quarter. But operating profit fell 4% year-on-year. The profitability of Louis Vuitton is still excellent. The super high quality leather goods Capucines and W bag launched last year were a great success. The women's clothing department ushered in a new artistic director, Nicolas Ghesquire; Fendi continued to focus on high-end products and selectively expand sales channels; the report did not mention that Cline did a good job and sales hit a new high.
The performance of the cosmetics department is better than that of the market, and organic growth has reached 7% in the whole year. The fourth quarter is better than the third quarter. Annual operating profit increased by 2%. Among them, Make Up For Ever and Fresh are strong in Asia.
Wrist Watch The jewelry sector grew by 4% throughout the year, better in the fourth quarter than in the third quarter. The year-on-year operating profit increased by 12% over the same period - the direct business performed well, and the choice of multi brand retailers was more prudent. Bvlgari's snake series has been successful.
The specialized retail sector grew by 17% in the whole year, but in the fourth quarter it was worse than the third quarter. Operating profit increased 6% year-on-year. DFS duty-free shops performed well in Macao, Hongkong, but the devaluation of Japanese yen has affected the purchasing power of Japanese tourists and damaged the performance of Hawaii stores. The market share of the beauty chain Sephora in various regions has been continuously improved, and online sales have been growing well.
2013 quarterly performance comparison:
Specific sales and operating profits of various departments:
- Related reading
China's Cotton Policy Changes To The Market, Ending The "Two Hit" Situation Of Cotton Enterprises
|Heilongjiang Exports $3 Billion 240 Million Of Foreign Trade Clothing, Ranking Fifteenth In The Country.
|- Daily headlines | Sales Of UNIQLO After Mickey Mouse Was Increased
- Global Perspective | European And American Small Luxury Cards Are Now Owned By Koreans.
- Clothing store | There Are Taboos In Setting Up Shop And Entrepreneurship.
- Innovation and invention | Smart Clothing Is Ahead Of Other Intelligent Devices.
- News Republic | Hedi Slimane: Reintroduction Of YSL High Resolution Series
- Industry perspective | The "Recycled Fiber" Market Is In The Doldrums.
- Advertising blockbuster | Lane Crawford 2015 Autumn Winter Shoes, Accessories Series Fashion Attack
- Fashion shoes | The Most Fashionable Brand Shoes In 2015
- neust fashion | A Package Of Hip Skirts Is Enough To Get The Job Done.
- Foreign trade information | Russia'S Overseas Warehouses Favored By Capital And Set Up Tens Of Millions Of Pre-A Round Financing.
- The Launching Ceremony Of The Ninth Asian Brand Ceremony Is Hosted By "Guoli Zhang" Guo Yoko.
- Hand In Hand To Teach You A Few Ways Of Clothing Marketing Strategy
- What Knowledge Does Foreign Trade Business Need?
- Technology: Embracing "Fashion" Wearable Device Upsurge
- How Much Do You Know About Cashier Accounting Responsibilities?
- Workplace Planning: Teaching You 7 Ways To Plan Your Career.
- Business Needs Communication To Teach You How To Talk With Strangers.
- You Know How To Coordinate The Relationship Between Subordinates And Subordinates.
- The Importance Of Human Resource Management To Line Managers
- "From The Stars," Gianna Jun, The Princess, Wears Style.