first half 2006 results september 6 bernard arnault 3 strong momentum of lvmh in the revenue grew 13 with all business groups and regions contributing operating profit rose 35 margin improved to 19 group share net increased 46 continued debt reduction since last year gained market 4 consistent effective growth model progress star brands renewed productivity efforts contribution from fashion leather goods success innovations perfumes cosmetics wines spirits robust volume strengthened communication very improvement profitability watches jewelry rapid development major traditional markets emerging countries 5 confirmation objectives well oriented economic environment innovation new lines damier azur relaunch lockit louis vuitton expansion b fendi at kenzo givenchy guerlain makeup dior tag heuer zenith focused distribution network objective significant increase s long term value continue develop principal those confirmed potential strength brand image creativity
