French Fashion Giant LVMH Posts 23% Revenue Growth In FY22

  • French luxury fashion house LVMH-Moet Hennessy Louis Vuitton LVMHF registered FY22 sales growth of 23% year-on-year to €79.2 billion.
  • Fashion & Leather Goods organic revenue rose 20%, with Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe, and Marc Jacobs gaining global market share.
  • Profit from recurring operations stood at €21.1 billion, a 23% increase Y/Y and the operating margin remained flat.
  • Europe, the U.S., and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. 
  • Also ReadLuxury Goods Company LVMH CEO Bernard Arnault's Daughter Takes Helm Of Christian Dior
  • Developments in the health situation in China caused a damper on Asia sales.
  • The company had an operating free cash flow of €10.1 billion and a net debt of €9.2 billion.
  • "We approach 2023 with confidence but remain vigilant due to current uncertainties," said chairman and CEO Bernard Arnault.
  • At the General Meeting of April 20, 2023, LVMH will propose a dividend of €12 per share.
  • Price Action: LVMHF shares closed lower by 2.64% at $847 on Thursday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsDividendsGeneralBriefsEurasia
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!