Record Results for LVMH in 2019
(WorldNews France)

> LVMH Moët Hennessy Louis Vuitton, the world`s leading luxury products group, recorded revenue of EUR53.7 billion in 2019, up 15%. Organic revenue growth was 10%. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in Hong Kong in the second half of 2019. Revenue growth in the fourth quarter was 12% compared to the same period in 2018. Organic revenue growth was 8% for the quarter. Restated for the non-recurring effects of the VAT increase in Japan and the stock movements of distributors of cognac in the US, the Group`s organic growth was at a similar level in the third and fourth quarters. Profit from recurring operations amounted...