LVMH to record 14 billion euros in net profit by 2022


While it recently passed the 400 billion euro market capitalization mark – a first for a European company – the world’s number one luxury goods company announced on Thursday new record results in 2022.
LVMH’s sales reached 79 billion euros and a net profit of 14 billion euros, thanks to strong business growth in Europe and the United States.
“We are approaching 2023 with confidence, but given the current uncertainties, we will remain vigilant and rely on the desirability of our Houses and the agility of our teams to further strengthen our lead in the global luxury market,” CEO Bernard Arnault said, quoted in a statement.
The luxury giant, which owns the brands Louis Vuitton, Dior, Tiffany and Moët & Chandon, among others, saw its sales jump by 23% in 2022, almost 15 billion more than the previous year. Net profit grew slightly less quickly, by 17%. The boss stresses the “strong increase” of its sales in Europe, the United States and Japan, but “Asia is stable over the year due to the evolution of the health situation in China“.
Profitability is stable with a current operating margin of 26.6%. The luxury giant remains buoyed by its flagship Fashion and Leather Goods division (Louis Vuitton, Dior, Céline, Fendi…) whose sales rose by 25% to 38.65 billion euros. In early January, the group announced the renewal of the leadership of its two largest brands Louis Vuitton and Dior, with the appointment of Pietro Beccari as head of the first and Delphine Arnault, daughter of Bernard Arnault, to head the second.
Now considered the largest market capitalization in Europe, LVMH will pay a dividend of 12 euros per share to its shareholders. It was 10 euros for the previous fiscal year. 2022 will also have been the year in which Bernard Arnault and his family became the world’s first fortune ahead of Elon Musk, boss of Tesla, SpaceX and Twitter, according to the Forbes ranking.
Read also >RE-Luxury rethinks the luxury of tomorrow
What's Your Reaction?

[EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…