LVMH sees 56% increase in H1 revenue to €28.7B

Montag, 26. Juli 2021 18:00

French luxury goods giant LVMH Moet Hennessy Louis Vuitton announced on Monday the company's revenue in the first half of 2021 surged 56% on the year to €28.7 billion as sales recovered from the lows observed during the COVID-19 pandemic.

Meanwhile, LVMH's financial update revealed revenue in the company's largest unit, Fashion & Leather Goods, soared 81% compared to 2020, reaching a record high of €13.8 billion.

"LVMH has enjoyed an excellent half-year and is reaping the benefits of having continued to innovate and invest in its businesses throughout the pandemic despite being in the midst of a global crisis," LVMH Chairman and CEO Bernard Arnault commented on the company's results.

Related Links: LVMH Moët Hennessy Louis Vuitton SE
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