- French luxury fashion house LVMH-Must Hennessy Louis Vuitton LVMHF Sales in FY22 recorded 23% YoY growth, 79.2 billion euros.
- Organic sales of Fashion & Leather Goods increased by 20%, with global market share gains by Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs.
- Income from continuing operations was 21.1 billion euros, up 23% year-on-year, with a flat operating margin.
- Europe, the US and Japan saw strong growth, benefiting from strong demand from local customers and a recovery in international travel.
- read also: Daughter of luxury goods company LVMH CEO Bernard Arnault to take charge of Christian Dior
- Sales in Asia were sluggish due to the development of health issues in China.
- The company had operating free cash flow of EUR 10.1 billion and net debt of EUR 9.2 billion.
- Chairman and CEO Bernard Arnault said: “We approach 2023 with confidence, but remain vigilant due to the current uncertainties.
- At the shareholders’ meeting on April 20, 2023, LVMH will propose a dividend of €12 per share.
- Price action: LVMHF shares fell 2.64% to close at $847 on Thursday.
- photo via company
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