Luxury: Louis Weedon's Profits Grew By 2 In The First Half Of The Year.

The largest in the world Luxury goods Louis Weedon (LVMH Moet Hennessy Louis Vuitton SA) (MC) released its first half financial report today. The report shows that Louis Weedon's profit grew 20% in the first half of the year, and the company said it had confidence in the second half of the year.

Louis Weedon, headquartered in Paris, released a report today that the company's profit from regular operations in the first half of the year was 2 billion 660 million euros ($3 billion 270 million), less than analysts had expected.

According to a Bloomberg survey, 6 analysts surveyed were expected to earn 2 billion 710 million euros ($3 billion 290 million) from regular operations in the first half of.

Louis Weedon's sales in the first half of the year amounted to 12 billion 970 million euros (US $15 billion 730 million), an increase of 26% over the same period last year. Exchange rate fluctuation The impact of M & A transactions increased by 12% over the same period last year.

World famous fashion luxury brand Hermes (Hermes International) (RMS) announced last week that its revenue grew by 13% over the same period last year, thereby weakening the market's concern about the euro zone sovereign debt crisis and the slowdown in China's economic growth, which is leading to a setback in demand for high-end luxury goods. Louis Weedon holds some of the shares of Hermes.

According to the prediction of CA Cheuvreux analyst Thomas Thomas (Thomas Mesmin), global luxury goods sales in 2012 may grow by 7%.

Louis Weedon chairman and CEO Bernard Arnott (Bernard Arnault) said in the report: "we have confidence in the performance of the second half, and we are relying on product creativity and quality as well as the efficiency of the company team to seek further improvement. market share Not only does it focus on improving the share of the market already existing in history, it also plans to increase its share in high potential emerging markets. "