(News Bulletin 247) – LVMH publishes revenue of 21,206 million euros for the 2nd quarter of 2023, up 17% in organic data compared to the same period a year earlier.
Still in organic data, quarterly activity increased in all categories, from Wines & Spirits (+8%) to Fashion & Leather Goods (+21%), Perfumes & Cosmetics (+16%), Watches & Jewelry (+14%) and Selective Retailing (+25%).
Over the first half as a whole, LVMH recorded sales of 42.2 billion euros, representing organic growth of 17%.
Current operating income for the first half of 2023 amounted to 11,574 million euros, up 13%. The current operating margin was 27.4% of sales. Net income, Group share amounted to 8,481 million euros, up 30%.
‘ LVMH achieved an excellent performance during a semester still marked by economic and geopolitical uncertainties. Our Houses have continued to inspire dreams thanks to their strong creative momentum and the excellence of their distribution”, underlined Bernard Arnault, Chairman and Chief Executive Officer.
For 2023, the group announces that it will maintain a strategy centered on the continuous strengthening of the desirability of its brands and announces that it intends to further strengthen its lead in the global luxury market.
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