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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Surprising Declines in Consumer Activity: US Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2023, Week 50: VF Corporation Boosts US OpeningsCES 2023 Day Two: Deborah Weinswig Presents Key Opportunities for Retailers in the Face of Brisk HeadwindsHead-to-Head in UK Apparel Retailing: Boohoo vs. Primark