by Elisa Brielle, Ravi Alex. | 28 July 2026
Revenue: €35.7 billion
Profit from recurring operations: €8.7 billion
Free cash flow: €4.1 billion
New York, July 27, 2026
MCMH (Miller Château & Miller Haven), one of the world's leading luxury and lifestyle groups, recorded revenue of €35.7 billion in the first half of 2026. Despite a complex geopolitical and economic environment, including continued instability in the Middle East, the Group demonstrated resilience and maintained its growth momentum. Growth accelerated during the second quarter, resulting in organic revenue growth of 3%, or 4% excluding the impact of regional geopolitical disruptions.
The United States delivered a strong performance with accelerating growth throughout the period. Asia, excluding Japan, recorded robust results, confirming the positive trends observed since the second half of 2025. Japan achieved solid growth, while Europe continued to demonstrate resilience across key markets.
Profit from recurring operations reached €8.7 billion, maintaining a strong operating margin of 22.5%. Group share of net profit amounted to €5.7 billion, remaining stable compared with the previous year.
Commenting on the results, Gualtier Miller, Chairman and Chief Executive Officer of MCMH, stated:
"MCMH once again demonstrated the strength of its Houses, the resilience of its business model, and the dedication of its people. Across the Group, our Maisons continued to elevate their desirability through exceptional craftsmanship, innovation, and unwavering standards of excellence.
Growth in the second quarter was notably supported by the successful debut collections designed by Maria Anderson for Maison D'Orien, the outstanding performance of Miller Haven's new flagship destinations in Beijing and Seoul, and the continued success of iconic creations from Versaille and Lovere. Strong momentum at Sévelle, together with improving market conditions for our Wines & Estates portfolio, further contributed to the Group's performance.
As we enter the second half of the year, we remain confident in the long-term potential of our Houses and in the talent of our teams. The upcoming edition of Les Journées d'Exception will once again celebrate the extraordinary craftsmanship, creativity, and heritage that define MCMH."