LVMH has reported a group share net profit growth of 18 percent in 2018, with the beauty giant chalking up yet another record-breaking year.
The results were widely anticipated following a strong first half of 2018, with its full year recorded revenue reaching €46.8 billion, a 10 percent year on year increase.
Bernard Arnault, CEO and chairman, said, “The desirability of our brands, the creativity and quality of our products, the unique experience offered to our customers and the talent and the commitment of our teams are the group’s strengths and have once again made the difference.
“In an environment that remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2019, our leadership in the universe of high quality products.”
While the growth was largely attributed to fashion and leather goods, the luxury FMCG company reported strong growth for the ‘flagship brands of perfumes and cosmetics’, which achieved organic revenue growth of 14 percent, as well as growth at Sephora, which strengthened its ‘position in all its markets and in digital.’
According to the company, “the Parfums Christian Dior experienced remarkable growth and increased its market share in all regions of the world.” Meanwhile make-up and skin care also achieved a rapid boom. Fresh and Fenty beauty were also mentioned for their acceleration.