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Net profit of LVMH decreased by17%

Чистая прибыль LVMH снизилась на 17%

The world’s biggest manufacturer of luxury LVMH Moet Hennessy Louis Vuitton SA ended 2024 year with a decrease in net profit by 17% and a decrease in revenue by 2%. It wrote Interfax.

Photo: Litepix / Shutterstock / Fotodom

Photo: Litepix / Shutterstock / Fotodom

Annual net profit of the company was 12.55 billion EUR versus 15.174 billion EUR in

Organizational growth of revenue in the last year was 1%. LVMH LVMH revenues in the fashion clothing and leather goods segment decreased by 3% – to 41.06 billion euros. Organic decrease was 1%.

Sales of watches and jewelry decreased by 3% (by 2% in organic expressions) – to 10.58 billion euros. Sales of alcoholic beverages dropped by 11% (by 8%), totaling 5.86 billion euros.

Revenue of network retail stores (Sephora, DFS and Le Bon Marche) increased by 2%, reaching 18.26 billion euros (organic growth – 6%). Revenues in the Pharmaceuticals and Cosmetics segment increased by 2% (up 4%) – to 8.42 billion euros.

For 12 12 months capitalization LVMH decreased by 4% (to 375 billion euros), in the same time as the fund index CAC 40 added almost 3%.

LVMH Moet Moet Hennessy Louis Vuitton, controlled by French billionaire Bernard Arnaud, –

Revenues Prada increased by 18% on the background of decreased interest in premium goods

Gucci,YSLand LouisVuittonhave becomethemostpopularbrandstoorderin theresale

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