Moët Hennessy Louis Vuitton (LVMH) announced on 12 October 2015 that the group recorded a revenue of €25.3 billion for the first nine months in 2015 with an 18-percent increase. Organic revenue grew by 6 percent compared to the same period in 2014. The watches and jewellery group recorded a revenue of €2.404 billion during the same period, with a 22-percent growth in reported revenue and a 10-percent growth in organic revenue, the highest among all business groups.
In particular, Bvlgari performed remarkably well driven by all product categories and all regions of the world. Hublot grew rapidly and increased its production capacity with the opening of its second production facility in Nyon, Switzerland. TAG Heuer continued the development of its core offering. Its new smartwatch, made in partnership with Google and Intel, will be unveiled in November.
The LVMH group continues to deliver strong growth in Europe and the United States and sees acceleration in Japan. It will continue to focus on innovation and targeted geographic expansion amidst an uncertain economic and financial environment.
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