{"id":77745,"date":"2022-01-27T18:12:09","date_gmt":"2022-01-27T17:12:09","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=77745"},"modified":"2022-01-27T18:34:03","modified_gmt":"2022-01-27T17:34:03","slug":"lvmh-reports-record-sales-for-2021","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/lvmh-reports-record-sales-for-2021\/","title":{"rendered":"LVMH reports record sales for 2021"},"content":{"rendered":"<h4>LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic.<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>The Group\u2019s organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Fashion &amp; Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>Profit from recurring operations stood at \u20ac17 151 million for 2021, more than double 2020, and up 49% compared to 2019. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Group share of net profit amounted to \u20ac12 036 million, up 156% compared to 2020 and up 68% compared to 2019. Operating free cash flow, which exceeded \u20ac13 billion, was more than twice that of both 2020 and 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>Bernard Arnault, Chairman and CEO of LVMH, said: \u201c<em>LVMH enjoyed a remarkable performance in 2021 against the backdrop of a gradual recovery from the health crisis.&#8221;<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>He added : &#8220;<em>Despite the uncertainties that remain at the start of this new year, which continues to be disrupted by health concerns, we approach 2022 with confidence and are convinced that LVMH is in an excellent position to further strengthen its lead in the global luxury market.<\/em>\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/the-new-vintage-vault-platform-whats-in-it-for-gucci\/\">THE NEW VINTAGE VAULT PLATFORM, WHAT\u2019S IN IT FOR GUCCI ?<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 LVMH<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic.<\/p>\n","protected":false},"author":1,"featured_media":76697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"LVMH Mo\u00ebt Hennessy Louis Vuitton, the world\u2019s leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"luxury goods,lvmh,record sales,2021 results,luxury market","footnotes":""},"categories":[24,5868],"tags":[22419],"class_list":["post-77745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-retail","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/77745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=77745"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/77745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/76697"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=77745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=77745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=77745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}