Since the year’s commencement, LVMH – Louis Vuitton has experienced a decline of more than 25%. However, this is in no way representative of the business’s real core results for 2021 or the first quarter of 2022.
Louis Vuitton revenue breakdown by following product lines:
- Fashion and leather
- watch and jwelleries
- Wines and Spirits
Louis Vuitton revenue in 2022
LVMH actually started 2022 off extremely well despite a very difficult environment. The business opened the year 2022 with results that beat expectations. Revenue increased 23%.
With the exception of the Wine & Spirit section, every single business line delivered growth that was stronger than anticipated. This was a result of timing problems on the global market, a calendar change for the Chinese New Year, ongoing logistical problems, and supply problems.
The world’s largest manufacturer of luxury goods, LVMH Mot Hennessy Louis Vuitton, reported sales of 56.5 billion euros in the first nine months of 2022, an increase of 28% over the same time in 2021. Growth in organic revenue was 20%. In accordance with the patterns seen in the first half of the year, organic revenue growth was 19% in the third quarter.
The robust demand from domestic clients and the improvement in international travel contributed to the sharp increases in Europe, the United States, and Japan since the year’s beginning. Over the first nine months of 2022, Asia (including China) saw slower growth, but the region’s growth in the most recent quarter accelerated due to the partial relaxation of health regulations.
Louis Vuitton revenue breakdown by products
|Euro millions||9 months 2021||9 months 2022||Change 2022 / 2021|
|Wines & Spirits||4 251||5 226||23%||14%|
|Fashion & Leather Goods||21 315||27 823||31%||24%|
|Perfumes & Cosmetics||4 668||5 577||19%||12%|
|Watches & Jewelry||6 160||7 575||23%||16%|
|Selective Retailing||7 795||10 095||3%||2%|
|Other activities and eliminations||-12||189||–||–|
|Total LVMH||44 177||56 485||28%||2%|
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