Moët Hennessy Louis Vuitton continues to add to its profits. One of the world's leading luxury giants has posted a net profit of €15,174 million in 2023, an increase of 7.7% over the same period last year.
In total, the company turned over more than 86 million euros in 2023, also increasing turnover by almost 9% and with an improvement in all its divisions. Revenues in its fashion and leather goods division rose by more than 9%, amounting to more than 42 billion euros, and in selective retail the increase was even more remarkable at 20.4%.
Jewellery and watchmaking increased slightly by 3% to close to 11,000 million euros in turnover, and the perfumery and cosmetics section reached 8,271 million euros, up 7.1%.
Asia and the United States continue to lead growth in terms of the regions that have the greatest impact on the company's turnover.
The CEO of LVMH, Bernard Arnault, has assessed the latest results very positively: "the group has recorded considerable growth in turnover and profits. Our growth strategy, based on the complementarity of our activities and their geographic diversity, favours innovation, design quality and distribution excellence, and adds a cultural and historical dimension thanks to the heritage of our houses".