Luxury group LVMH (MC.) has reported record annual revenues of €42.6bn (£37.5bn) for 2017, slightly ahead of analyst estimates of €42.3bn. That represents an underlying sales improvement of 12 per cent, with all divisions reporting double-digit growth, except for wine and spirits where supply issues emerged during the second half.
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Highlights included Louis Vuitton and Christian Dior Couture, both of which performed extremely well. A group operating margin of 19.5 per cent also helped overall profits from continuing operations rise by nearly a fifth to €8.29bn.
