By Jason Chow
PARIS-- LVMH Moët Hennessy Louis Vuitton SE said Tuesday its
second-quarter revenue rose 23% to EUR8.38 billion ($9.29 billion)
as the French luxury goods company benefited from a weak euro and
strong sales at its formerly struggling Louis Vuitton brand.
LVMH said first-half net profit totaled EUR2.96 billion, up 15%
from the first six months of 2014. LVMH doesn't publish profit
figures quarterly.
The weak euro has especially benefited the luxury industry as
sales made abroad count for even more when translated back into
euros. Organic revenue growth, which strips out the effects of the
currency volatility, was 9% for the quarter.
Sales at its fashion and leather goods division, which makes up
more than a third of total group revenue and includes Louis
Vuitton, Fendi and Bulgari, rose 24% to EUR2.96 billion in the
second quarter.
The retail conglomerate said there was "major success of new
products at Louis Vuitton, where profitability remains at an
exceptional level."
Write to Jason Chow at jason.chow@wsj.com