LVMH recorded $88.3 billion in revenue for 2024
France LVMH brand recorded $88.3 billion in revenue for 2024
LVMH, the world’s leading luxury goods group, has recorded a revenue of €84.7 billion (~$88.3 billion) in 2024, reflecting a decline of 2 per cent year-over-year (YoY). However, on an organic basis, revenue grew by 1 per cent, despite a challenging economic and geopolitical environment. Net profit dropped 17% to €12.55 billion, while operating free cash flow rose 29% to €10.92 billion.
The Fashion & Leather Goods segment remained the top revenue contributor. LVMH invested €5.5 billion, with €1.7 billion allocated to France, focusing on store expansion and production enhancements.
LVMH 2024 Financial Report
LVMH recorded $88.3 billion in revenue for 2024
Revenue & Growth:-
LVMH reported total revenue of €84.7 billion (~$88.3 billion) in 2024, a 2% decline YoY.
Organic revenue growth of 1%, despite economic and geopolitical challenges.
Profitability :-
Net profit fell 17% YoY to €12,550 million. Profit from recurring operations dropped 14% YoY to €19.6 billion (~$20.41 billion).
Decline attributed to rising operational costs, currency fluctuations, and market shifts.
Financial Strength:-
Operating free cash flow increased by 29%, reaching €10,478 million (~$10.92 billion). Net financial debt reduced by 14% to €9,228 million.
Equity improved by 11%, reaching €69,287 million.
Segment-Wise Performance:-
Fashion & Leather Goods was the top contributor: €41,060 million (~$42.84 billion).
Selective Retailing generated €18,262 million.
Other segments, such as Watches & Jewelry and Wines & Spirits, had mixed performances.
Quarterly Revenue Performance:-
Q4 recorded the highest revenue: €23,930 million.
Q2 followed with €20,983 million.
H1 revenue: €41,677 million.
First 9 months total revenue: €60,753 million.
Investments & Expansion:-
€5.5 billion allocated to investments, focused on store expansion & production enhancement.
€1.7 billion invested in France for store refurbishments, manufacturing, and sustainability initiatives.
Conclusion:-
Despite revenue and profit declines, LVMH demonstrated resilience.
Strong free cash flow, debt reduction, and expansion plans ensure long-term growth.
LVMH remains a dominant force in the global luxury market.
