The Green Pebbles Girls have a pretty good feeling that the Hermes Shareholders are laughing all the way to the bank as the 175 year old French family-controlled company announced it plans to pay shareholders 2 euros per share on 2011 earnings (from 1.50 euros per share a year ago) plus a one-time sum of 5 euros a share!
This comes as it posted exceptional results for 2011 well above the forcast results, with an 18.3 percent rise in 2011 sales to 2.84 billion euros as a result of increased tourist spending in Europe and growing demand in Asia. Net income rose 41% to 594 million euros also thanks to the sale of fashion house jean Paul Gaultier!
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This has certainly been a very good year for LVMH, aside from posting strong results for 2011 +16 in revenue the group was pleased to report that thy had been able to generate growth in every single line of the business.
As LVMH's chairman and CEO, Bernard Arnault said: “2011 was another great vintage for LVMH, highlighting once again the power of our brands, the excellence of our craftsmanship and the appeal of our products. Our businesses enjoyed excellent momentum and profit from recurring operations passed the threshold of €5 billion for the first time. The agreement with the Bulgari family was one of the key moments of the year. In 2012, LVMH intends to further strengthen its global leadership position in high quality products by relying on its sound, long-term strategy.”
A particular mention went to Loewe which had seen huge growth but in it was Celine which received a special mention by Mr. Arnault for the spectacular growth of the brand.
Celine SS 2012
Image via Mon Obsession Eternelle
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