The income of the world’s largest manufacturer of luxury goods increased

By: Trademagazin Date: 2023. 08. 03. 08:06

The revenue of LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods manufacturer, increased by 15 percent to 42.2 billion euros in the first half of the year that ended at the end of June, while so-called organic revenue, adjusted for exchange rate fluctuations and corporate acquisition effects, rose by 17 percent.

According to data posted on the company’s website, revenue growth in all business sectors was double-digit in the first half of the year, except for the alcoholic beverages segment, where a decrease was recorded.

Profit after tax rose to 8.48 billion euros in the first six months from 6.53 billion euros a year earlier.
The company’s retail store networks (Sephora, DFS and Le Bon Marche) saw the largest increase in revenue, by 26 percent to 8.35 billion euros.

Sales in LVMH’s top-grossing fashion and leather goods segment rose by 17 percent to 21.16 billion euros.