The world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton, recorded revenue of 30.6 billion euros in 2014, an increase of 6% over the previous year. However, its operating profit dropped by 5%.

The 2014 results confirm the capacity for LVMH to progress despite economic and currency uncertainty,” says Bernard Arnault, Chairman and CEO of the company.

Market share gains in the beauty business

The Perfumes & Cosmetics business group’s organic revenue grew by 7%. “Significantly outperforming the overall market performance,” highlights LVMH.

Profit from recurring operations amounted to 415 million euros, compared to 414 in 2013.

Iconic perfumes of Christian Dior, J’adore, Miss Dior and Dior Homme continued to demonstrate their exceptional appeal. The make-up segment also contributed to the good performance of the Maison, notably thanks to Dior Addict Fluid Stick. Guerlain benefited from the successful launch of its new fragrance L’Homme Idéal and the success of its high-end skincare range Abeille Royale. Benefit confirmed its strong global momentum and is ranked as the leading make-up brand in the UK. Fresh and Make Up For Ever continued to strengthen their positions.

Strong growth for Sephora

The Selective Retailing business group recorded a dynamic organic revenue growth of 8%.

Sephora had an exceptional year and continued to gain market share. The store network expansion continued: the company established a new presence in Indonesia and Australia while several flagship stores, such as the Champs-Elysées and Dubai Mall, have been renovated. New brands enhanced the product offering, bringing a diversity that never ceases to keep Sephora ahead in beauty innovation,” adds LVMH.

Faced with a complex situation in Asia, particularly relating to currency and geopolitical developments, DFS continued to focus on optimizing its offer and deploying its loyalty program. Its profitability was equally impacted by the expansion and renovation of several airport concessions.