LVMH, has just announced its full year 2018 results, including those of the Watches & Jewelry division, which comprises among others Bvlgari, TAG Heuer, Zenith and Hublot. After an already impressive growth in 2017, the group again reports record growth for 2018.
LVMH, for the full year 2018, recorded a 10% increase in revenue, reaching EUR 46.8 billion in total sales. Organic revenue growth was 11% in 2018 and 10% in the 4th quarter of 2018. Profit from recurring operations crossed the EUR 10 billion mark in 2018, up by 21%. Both sales and profitability are still on the rise at LVMH. The watchmaking and jewelry division, reports revenues of EUR 4,123 million, an increase of 8% compared to 2017 (or 12% for organic revenues). Profit from recurring operations was up 37%.