{"id":57560,"date":"2024-07-24T00:04:08","date_gmt":"2024-07-24T00:04:08","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/07\/24\/lvmh-good-results-for-lvmh-in-the-first-half-of-the-year-despite-the-prevailing-environment\/"},"modified":"2024-07-24T00:04:08","modified_gmt":"2024-07-24T00:04:08","slug":"lvmh-good-results-for-lvmh-in-the-first-half-of-the-year-despite-the-prevailing-environment","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/lvmh-good-results-for-lvmh-in-the-first-half-of-the-year-despite-the-prevailing-environment\/","title":{"rendered":"LVMH: Good results for LVMH in the first half of the year despite the prevailing environment"},"content":{"rendered":"
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Paris, July\u00a023, 2024<\/p>\n

LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s leading high-quality products group, recorded revenue of \u20ac41.7 billion in the first half of 2024. Growth continued over the period (2% organic growth) despite a geopolitical and economic environment that remained uncertain. Europe and the United States achieved growth on a constant consolidation scope and currency basis; Japan recorded double-digit revenue growth; the rest of Asia reflected the strong growth in spending by Chinese customers in Europe and Japan. In the second quarter, organic revenue growth was 1%.<\/p>\n

Profit from recurring operations for the first half of 2024 came to \u20ac10.7\u00a0billion, equating to an operating margin of 25.6%, significantly exceeding pre-Covid levels. Exchange rate fluctuations had a substantial negative impact on the half-year period. The Group share of net profit amounted to \u20ac7.3\u00a0billion.<\/p>\n

Bernard Arnault, Chairman and CEO of LVMH, commented: \u201cThe results for the first half of the year reflect LVMH\u2019s remarkable resilience, backed by the strength of its Maisons and the responsiveness of its teams in a climate of economic and geopolitical uncertainty. Driven as ever by our dual focus on desirability and responsibility, we have continued to work towards achieving the targets set out in our environmental and social action programs. In a year marked by our partnership with the Paris 2024 Olympic and Paralympic Games, we are honored to share our creativity, excellent craftsmanship and deep commitment to society to make this event a resounding success and an opportunity for France to shine on the world stage. While remaining vigilant in the current context, the Group approaches the second half of the year with confidence, and will count on the agility and talent of its teams to further strengthen its global leadership position in luxury goods in 2024.\u201d<\/p>\n

Highlights of the first half of 2024 included the following:<\/p>\n