LVMH: Annual revenue up by 23% and record net margin

Publication

27 January 2023 à 17h32

Updated on 30 January 2023 à 12h25

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2 minutes

Publication: 27 January 2023 à 17h32, Updated on 30 January 2023 à 12h25

Reading time: 2 minutes

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Publication

27 January 2023 à 17h32

Updated on 30 January 2023 à 12h25

Reading time

2 minutes

Publication: 27 January 2023 à 17h32, Updated on 30 January 2023 à 12h25

Reading time: 2 minutes

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In 2022, despite the Covid-19 lockdowns in China and the closure of Russian stores, LVMH recorded a turnover of €79.2 billion, up by 23% year-on-year. The current operating income recorded a similar growth. The annual net margin increased by 17% to €14.1 billion. As in 2022, this was 18% of turnover, i.e. 5 points higher than before Covid-19. In 2018 and 2019, the LVMH net margin was at 13% of turnover. Overall, the activity was supported by a €5 billion investment in the store expansion...

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