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Record results for LVMH, Jaguar unveils new version of the XF sedan, L’Oréal, champion of sustainable development and the other news of the day.
Press review
2018 a record year for LVMH
The world’s leading luxury goods company LVMH recorded another “record” year in 2018, with sales at their highest level at €46.8 billion, up 10%, and net profit up 18% to €6.4 billion.
“LVMH has achieved another record year in terms of both sales and results,” said Bernard Arnault in the press release.
“In an uncertain geopolitical and monetary context“, the group is approaching 2019 with “cautious confidence“, with the objective of “strengthening its lead” in the global luxury market, according to the statement.
Current operating income (OIR) exceeded €10 billion for the first time last year, at €10.003 billion, while the operating margin reached 21.4%, compared to 19.5% in 2017.
Organic sales growth reached 11% last year and stood at 10% in the fourth quarter only, which “continues the trends observed since the beginning of the year“, according to the group. LVMH explained that it had recorded “sustained growth” in Asia, as in Europe and the United States, and did not mention a slowdown in the Chinese market, despite fears weighing on the luxury sector due to trade tensions with the United States.
Jaguar unveils new version of the XF sedan
Jaguar unveiled new Chequered Flag special edition as part of the latest updates of the XF sedan.
The Chequered Flag edition features a selection of unique exterior enhancements, carefully selected interior design elements and a choice of powerful and efficient British-built Jaguar Ingenium diesel and petrol engines.
“The XF sedan combines the elegance and exceptional performance that characterize all Jaguars,” said Ian Callum, Jaguar’s design director.
At the same time, the brand is revealing that it is working on a new electric model. Jaguar is testing a technology for autonomous cars that aims to project the way the vehicle is about to take onto the ground. The manufacturer plans to become one of the market leaders in autonomous, connected, electric and shared mobility vehicles.
L’Oréal champion of sustainable development
L’Oréal has proven that it takes the company’s sustainable development seriously, with its latest award. The beauty giant has been awarded a place on the “List A” of the non-profit environmental organization CDP (Carbon Disclosure Project) for climate change, water security and forests.
The organization scores about 6,800 companies each year for their actions on climate change, deforestation and water security, rating them from A to D minus. Companies that do not provide their information collect a rating of F. L’Oréal is one of only two companies to have received A’s in all three categories this year and the only one that has done so for three consecutive years.
“Sustainable development drives our research, innovation and operations in an exciting way and strengthens our commitment to our employees and the communities in which we operate,” said Jean-Paul Agon, Chairman and CEO of L’Oréal.
Ulysse Nardin releases
On the occasion of the SIHH 2019, Ulysse Nardin unveiled a beautiful collection of ten watches created in collaboration with the famous Italian author of erotic comics Milo Manara. Ten steel or pink gold timepieces that reveal the story of a young woman who discovers the pleasures of saffron and underwater with a mermaid.
On the occasion of this beautiful collaboration with Manara, Ulysse Nardin uses miniature painting to transpose the story of the Italian designer onto the dials of ten Classico watches.
Evoking sharks and mermaids lounging in the clear waters of a world where time has no hold (paradoxical for watches), the story staged on each of these ten dials is a feast for the eyes.
At the same time, two new models have just been released during the trade show: the Freak X and the Skeleton X. Created in carbonium, a material used in aeronautics, X watches have innovation as their key word.
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