LVMH improves its operating profitability in the first half

LVMH saw its group share of net income rise 23% to 6.532 billion euros in the first half of the year.

 

The world’s number one luxury goods company’s current operating income jumped 34% to 10.235 billion euros, It accounted for 27.9% of sales, up 1.3 points from the first half of 2021. The Fashion and Leather Goods division, which is the group’s largest, reported a 33% increase in recurring operating income to 5.66 billion euros.

 

Sales were 36.7 billion euros, up 28%, of which 21% was organic. In the second quarter, organic growth came to 19%.

 

An interim dividend of 5 euros will be paid on Monday, December 5, 2022.

 

Bernard Arnault, Chairman and CEO of LVMH, said: “We are entering the second half of the year with confidence, but in the current geopolitical and health context, we will remain vigilant and are counting on the agility and talent of our teams to further strengthen our lead in the global luxury market in 2022.

 

Read also > World stock markets recorded one of the worst half-years in their history

 

Featured Photo : © LVMH

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Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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