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LVMH Reports €84.68B Revenue, Faces Mixed Segment Performance

1/28/2025

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Summary

Story summary

LVMH achieved €84.68 billion in revenue for 2024, marking a 1% increase, despite a 17% drop in net profit to €12.5 billion.
Fourth-quarter revenue hit €23.9 billion, surpassing expectations due to robust holiday sales.
Mixed performance across segments: fashion and leather goods fell 1%, while selective retailing rose 6%.
CEO Bernard Arnault remains optimistic for 2025, highlighting resilience in Asia amid economic challenges.

History

Historical Context

LVMH's revenue growth amid profit decline reflects broader economic trends in Asia. Historically, luxury brands thrived during economic booms, like the post-2008 recovery. Today, LVMH's resilience mirrors the 1990s Asian economic surge, showcasing luxury's adaptability in fluctuating markets, especially in emerging economies.

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Story summary

LVMH achieved €84.68 billion in revenue for 2024, marking a 1% increase, despite a 17% drop in net profit to €12.5 billion.
Fourth-quarter revenue hit €23.9 billion, surpassing expectations due to robust holiday sales.
Mixed performance across segments: fashion and leather goods fell 1%, while selective retailing rose 6%.
CEO Bernard Arnault remains optimistic for 2025, highlighting resilience in Asia amid economic challenges.

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