Luxury goods group LVMH’s revenue rose 16% year on year to €35.7bn (£27bn) in 2015, as “strong momentum” in Europe, the US and Japan offset a weaker performance in Asia. Like-for-like sales were up 6%.
Profit from recurring operations reached €6.6bn (£5bn) in 2015, an increase of 16% on the previous year.
In the fourth quarter, revenue increased by 12% compared to the same period in 2014, while like-for-likes grew by 5%.
Reported revenue in the fashion and leather goods division grew by 14%, with like-for-likes up 4%. Profit from recurring operations increased by 10%.
LVMH said Louis Vuitton had a “remarkable year driven by the enthusiastic welcome of both its iconic products as well as the new models created by Nicolas Ghesquière”.
Fendi, Celine, Givenchy and Kenzo also had a good year, while Donna Karan and Marc Jacobs continued to work on changes to their product lines, the company said.
Bernard Arnault, chairman and chief executive of LVMH, said: “The 2015 results confirm the capacity for LVMH to progress and gain market share despite economic and geopolitical uncertainty. Revenue and operating profit reached new record levels.”
Arnault said all of LVMH’s fashion houses, including Louis Vuitton and Dior, demonstrated “outstanding flexibility” in 2015.
“By adapting their strategies to global changes and by continuing to evolve, they have shown the creativity and entrepreneurship that drive them forward.”