In a sign that the company plans to consolidate its position as the greatest player in the industry

Moet Hennessey Louis vuitton Cheap Designer Sunglasses Outlet (china Louis various Handbags VuittonMH) luxury profit growth signals back

PARIS French Louis Vuitton goods giant LVMH Moet-Hennessy Louis Vuitton reported Tuesday a 53% jump in net profits in the first half, announcing a strong return of high-end consumer and a cautious output seen in previous quarters, expressed confidence in the rest of the year.

The world's largest Louis Vuitton goods company, which owns Krug champagne and Berluti shoe, made a net profit for the first six months of 1050000000 (U.S. $ 1,360,000,000), compared to 鈧?687,000 000 a year ago, as all divisions posted double-digit revenue growth.

In a sign that the company plans to consolidate its position as the greatest player in the industry, LVMH executives pledged to employ marketing efforts and invest in rapidly growing markets like China to gain market share.

"In the current economic crisis recovery, LVMH will continue to gain market share," the company said in a statement.

Revenue for the six months to June 30 was 9,100,000,000 at 17% from 7. 8 billion a year earlier and above analysts' expectations of 8,850,000,000. All divisions, from perfumes to wines double-digit growth in sales is the fastest growing watch and jewelry, up to 28% to 443,000,000. LVMH said it had a strong recovery in orders. The company was one of the most affected in the retail sector on orders cut drastically during the crisis, preferring to call reduce inventory before purchasing new products.

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Fashion and leather goods division, where the company brand star and one of the strongest performers in the industry throughout the crisis, the leather goods maker Louis Vuitton handbags, posted growth of 18 % to 3,520,000,000. Luxury consumers took refuge in more classic leather accessories during the economic recession, preferring formal brand fashion handbags boom years.

"We were the highest in the consensus, but managed to beat us anyway," said Luca Solca, an analyst at Bernstein.

However, the company refused to provide guidance for the year.

"With the crisis are not expected more," said president and chairman of LVMH, Bernard Arnault Executive on Tuesday. Arnault and other Louis Vuitton executives have been cautious about calling a recovery.

Arnault declined to detail the company plans future acquisition, except to say he is not interested in buying the French cosmetics giant L'Oreal SA. A political scandal in France, originally derived from various Jewelry a legal dispute between L'Oreal heiress Liliane Bettencourt and her daughter Franoise Bettencourt Meyers, has raised questions about the company's shareholder structure.

The current operating result was 1820000000, with 34%, beating analysts' expectations of 1,680,000,000.

LVMH shares have risen almost 20% in the last six months, overcoming a 2% drop in the Paris CAC-40 index during the same period. The expectations of an upturn in the company of Louis Vuitton goods industry was fueled by a strong presence of small companions Burberry and Hermes International earlier this month.

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