Company Earnings Update 3 minutesRegister for Free AccessLVMH (ENXTPA: MC) 1H17 Results: Continuation of Very Strong Sales Momentum Coresight Research July 17, 2017 Executive Summary LVMH Moët Hennessy Louis Vuitton increased revenues by 15.0% year over year in 1H17, to €19,714 million, which was above the consensus estimate of €19,492 million. Revenues increased by 12% year over year on an organic basis. The company’s gross margin contracted by 50 basis points year over year, to 65.1%, and its SG&A margin contracted by 180 basis points, to 46.6%. Its operating margin expanded by 130 basis points, to 18.5%. Revenues were driven by strength in Asia excluding Japan and Europe. In terms of business segments, sales growth was driven by the Fashion & Leather Goods and Watches & Jewelry divisions. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Data Dive: Global Tech Layoffs—Cyclical or Structural?China Consumer Tracker: Avoidance Up, Activity DownA Growing Movement Toward In-Store Shopping: China Consumer Survey InsightsJuly 2023 US Retail Sales: Resilient Consumers and Nonstore Retailers Fuel Retail Sales Growth