LVMH's net profit surged 3% last year and contributed the most to growth

The world’s largest luxury goods company, France’s LVMH Group’s performance communique, released on the 14th showed that, despite the weaker yen and the US dollar, the group’s profit in 2006 increased significantly due to the strong sales of Louis Vuitton brand products and the increase in purchasing power in emerging markets. .

According to the communique, last year LVMH Group's net profit increased by 30% from the previous year to 1.879 billion euros. In just two years, the group’s net profit almost doubled. Last year, Asia was the region that contributed the most to the Group's sales growth, especially China and India. Last year, the Group’s sales in the Asian region increased by 16% and in Europe and the United States by 12%.

LVMH Group is full of confidence in the future and expects its operating performance to increase substantially in 2007. Net profit is expected to double within five years. Emerging markets such as China and Eastern Europe are key areas for the Group's development.

It is reported that the 15th brand store of LVMH Group in China was opened on the 13th. The group's goal is to increase its brand stores to 20 by the end of the year. LVMH is the world's top luxury goods group with more than 50 luxury brands, including Louis Vuitton, Dior, Fendi, Hennessy, Givenchy, Clinique, Guerlain and others.