LVMH quarter earnings

Source: Dukascopy Bank SA
LVMH reported a total revenue of €84.7 billion in 2024, a slight 2% decrease from the previous year, but a 1% increase on an organic basis. The company posted a profit from recurring operations of €19.6 billion, a 14% decrease, and net profit of €12.6 billion, down 17%. Free cash flow increased by 29% to €10.5 billion. Despite global challenges, the company showed resilience, with growth driven by Japan, Europe, and the U.S. The 4th quarter saw a boost in organic revenue growth.

LVMH made significant progress in sustainability, reducing energy-related GHG emissions by 55% two years ahead of its target and continuing its work on biodiversity protection. The company maintained its commitment to creating jobs and preserving skills, with 215,000 employees worldwide and a focus on apprenticeships in France. For 2025, LVMH aims to further strengthen its leadership in the luxury goods market by continuing its strategy of innovation, investment, and product desirability.



Breaking down performance by sector: Wines & Spirits saw an 8% drop in revenue, with a 36% fall in profit, largely due to post-Covid normalization in demand. Fashion & Leather Goods remained stable with a slight 1% drop, despite the strong showing of Louis Vuitton and Christian Dior, particularly during the Paris 2024 Olympic Games. Perfumes & Cosmetics grew 4%, driven by strong sales of Dior fragrances. Watches & Jewelry dropped 2% in revenue and 28% in profit, partly due to exchange rate fluctuations. Sephora continued to perform well, with double-digit growth in both revenue and profit.

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