LVMH Moët Hennessy Louis Vuitton, (LVMUY.PK) the world's largest maker of luxury goods, Thursday posted fiscal 2013 group share of net profit of €3.44 billion, up 0.4% from €3.42 billion in the prior year period.
Profit from recurring operations for 2013 was €6.02 billion, up 2% from €5.92 billion last year.
Total revenue for fiscal 2013 was €29.15 billion, up 4% from €28.10 billion in the year-ago period.
For first quarter, revenue rose to €6.95 billion from €6.58 billion in the comparable quarter last year.
Despite an uncertain economic environment in Europe, LVMH stated that it is well-equipped to continue its growth momentum across all business groups in 2014. The Group will maintain a strategy focused on developing its brands by continuing to build up its savoir-faire, as well as through strong innovation and expansion in fast growing markets.
Driven by the agility of its organization, the balance of its different businesses and geographic diversity, LVMH enters 2014 with confidence and has, once again, set an objective of increasing its global leadership position in luxury goods.
LVMH said at the Annual Shareholders Meeting on April 10, 2014, it will propose a dividend of €3.10 per share, an increase of 7%. An interim dividend of €1.20 per share was paid on December 3 of last year. The balance of €1.90 per share will be paid on April 17, 2014.
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