LVMH Watches & Jewelry Revenues Leaps 46%

(IDEX Online News) – The Watches & Jewelry business group was LVMH's fastest growing sector in 2013, recording revenues of €1.95 billion, up 46 percent year-over-year.

Profit from recurring operations (same store sales) rose 26 percent notably due the performance of Bulgari, the company reported.

The LVMH group posted revenue of €28.1 billion in 2012, an increase of 19 percent compared to 2011. Organic revenue growth was 9 percent.

All business groups saw excellent momentum in Europe, Asia and the United States. Louis Vuitton, in particular, once again recorded double-digit revenue growth during the year.

In its outlook, the luxury firm states that despite an uncertain economic environment in Europe, LVMH is well-equipped to continue its growth momentum in 2013.