01.27.23
Luxury goods group LVMH Moët Hennessy Louis Vuitton recorded revenue of €79.2 billion ($86.3 billion) in 2022 and profit from recurring operations of €21.1 billion ($23 billion), both up 23%.
All business groups achieved significant organic revenue growth over the year. Furthermore, Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Asia was stable over the year due to developments in the health situation in China.
Bernard Arnault, chairman and CEO of LVMH, said, “Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges.
Christian Dior enjoyed a remarkable performance, strengthening its lead. Sauvage confirmed its position as the world’s leading perfume, while the iconic women’s fragrances Miss Dior and J’adore, enriched with its latest creation Parfum d’Eau, continued to grow. Dior Addict in make-up and Prestige in skincare also contributed to the rapid growth of the Maison. Guerlain sustained its growth, driven notably by the vitality of its Abeille Royale skincare, its Aqua Allegoria collection and its perfumes L’Art et la Matière. Parfums Givenchy benefited from the continued success of its fragrances. Fenty Beauty doubled its revenue thanks to the expansion of its distribution network and the success of its launches.
Revenues by business group:
The Group will pursue its brand development focused strategy, underpinned by continued innovation and investment as well as a constant quest for desirability and quality in its products and their distribution.
“We approach 2023 with confidence but remain vigilant due to current uncertainties. We count on the desirability of our Maisons and the agility of our teams to further strengthen our lead in the global luxury market and support France’s prestige throughout the world,” Arnault remarked.
All business groups achieved significant organic revenue growth over the year. Furthermore, Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Asia was stable over the year due to developments in the health situation in China.
Bernard Arnault, chairman and CEO of LVMH, said, “Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges.
Perfume & Cosmetics
The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe.Christian Dior enjoyed a remarkable performance, strengthening its lead. Sauvage confirmed its position as the world’s leading perfume, while the iconic women’s fragrances Miss Dior and J’adore, enriched with its latest creation Parfum d’Eau, continued to grow. Dior Addict in make-up and Prestige in skincare also contributed to the rapid growth of the Maison. Guerlain sustained its growth, driven notably by the vitality of its Abeille Royale skincare, its Aqua Allegoria collection and its perfumes L’Art et la Matière. Parfums Givenchy benefited from the continued success of its fragrances. Fenty Beauty doubled its revenue thanks to the expansion of its distribution network and the success of its launches.
Revenues by business group:
Looking Forward to 2023
With the month of January having started well and despite an uncertain geopolitical and economic environment, LVMH claims it is confident in its ability to continue the growth observed in 2022.The Group will pursue its brand development focused strategy, underpinned by continued innovation and investment as well as a constant quest for desirability and quality in its products and their distribution.
“We approach 2023 with confidence but remain vigilant due to current uncertainties. We count on the desirability of our Maisons and the agility of our teams to further strengthen our lead in the global luxury market and support France’s prestige throughout the world,” Arnault remarked.
