10.12.22
Luxury products group LVMH Moët Hennessy Louis Vuitton recorded revenue of 56.5 billion euros ($54.9 billion) in the first nine months of 2022, up 28% compared to the same period of 2021.
Organic revenue growth was 20%. In the third quarter, organic revenue growth was 19%, in line with the trends observed in the first half of the year.
Europe, the United States and Japan, up sharply since the start of the year, benefitted from the solid demand of local customers and the recovery in international travel. Asia (including China) saw a lower level of growth over the first nine months of 2022, though growth in the latest quarter accelerated there due to the partial easing of health restrictions.
Parfums Christian Dior enjoyed a remarkable performance, strengthening its lead in all its key markets. Perfumes grew sharply due to the continued success of Sauvage, Miss Dior and J’adore, further strengthened by its latest creation Parfum d’Eau.
Dior Addict in makeup and Prestige in skincare also contributed to the Maison’s rapid growth. Guerlain continued to grow, due in large part to the vitality of its Abeille Royale skincare line, its Aqua Allegoria collection and its exceptional perfume line l’Art et la Matière. Parfums Givenchy benefitted from the continued success of its fragrances. The Stella skincare line by Stella McCartney was launched using an innovative environmental approach, originating from the LVMH Beauty R&D center.
LVMH says it is counting on “the dynamic nature of its brands and the talent of its teams” to further strengthen its global leadership position in luxury goods once again in 2022.
Organic revenue growth was 20%. In the third quarter, organic revenue growth was 19%, in line with the trends observed in the first half of the year.
Europe, the United States and Japan, up sharply since the start of the year, benefitted from the solid demand of local customers and the recovery in international travel. Asia (including China) saw a lower level of growth over the first nine months of 2022, though growth in the latest quarter accelerated there due to the partial easing of health restrictions.
Perfumes & Cosmetics
With revenue growth of 19% (12% in organic) over the first nine months of 2022, the Perfumes & Cosmetics business group maintained its highly selective distribution strategy.Parfums Christian Dior enjoyed a remarkable performance, strengthening its lead in all its key markets. Perfumes grew sharply due to the continued success of Sauvage, Miss Dior and J’adore, further strengthened by its latest creation Parfum d’Eau.
Dior Addict in makeup and Prestige in skincare also contributed to the Maison’s rapid growth. Guerlain continued to grow, due in large part to the vitality of its Abeille Royale skincare line, its Aqua Allegoria collection and its exceptional perfume line l’Art et la Matière. Parfums Givenchy benefitted from the continued success of its fragrances. The Stella skincare line by Stella McCartney was launched using an innovative environmental approach, originating from the LVMH Beauty R&D center.
Outlook
Against an uncertain geopolitical and economic backdrop, the group says it is confident in the continuation of current growth and will maintain a policy of cost control and selective investment. The group’s strategy will remain focused on continuously strengthening the desirability of its brands, by relying on the authenticity and quality of its products, the excellence of their distribution and the reactivity of its organization.LVMH says it is counting on “the dynamic nature of its brands and the talent of its teams” to further strengthen its global leadership position in luxury goods once again in 2022.
