Paris, October 11, 2022

LVMH Moët Hennessy Louis Vuitton, recognized as the world’s premier luxury products conglomerate, achieved a remarkable revenue of 56.5 billion euros for the first nine months of 2022, reflecting a substantial increase of 28% compared to the same timeframe in 2021. The company’s organic revenue growth stood at an impressive 20%. In the third quarter alone, the organic revenue growth was 19%, aligning with the positive trends that emerged during the first half of the year, showcasing LVMH’s resilience and adaptability in the luxury market.

The performance across key regions has been noteworthy, with Europe, the United States, and Japan experiencing a significant uptick in sales since the beginning of the year, driven by robust demand from local consumers and a resurgence in international travel. Meanwhile, the growth in Asia (including China) exhibited a slower pace over the initial nine months of 2022; however, the latest quarter demonstrated an acceleration in growth attributed to the gradual easing of health restrictions in the region.

Revenue Performance by Business Segment:

* with comparable structure and exchange rates. The structural impact for the Group compared to the first nine months of 2021 was zero and the currency effect was +8 %.

The Wines & Spirits segment experienced a robust revenue growth of 23% in the initial nine months of 2022, with an organic increase of 14%. The renowned Champagne Maisons under LVMH enjoyed remarkable momentum, which inadvertently heightened supply pressures. Notably, growth was exceptionally strong across Europe, the United States, and Japan. The firm’s Hennessy cognac brand benefited from a persistent strategy focused on value creation. The company’s disciplined policy of implementing price increases across all regions effectively mitigated the impacts of logistical disruptions encountered in the United States and health constraints in China. Additionally, Moët Hennessy reinforced its prestigious portfolio with the acquisition of the acclaimed Joseph Phelps vineyard, a celebrated name in Napa Valley, California.

The Fashion & Leather Goods division showcased an impressive revenue growth of 31% within the first nine months of 2022, complemented by a 24% organic increase. Louis Vuitton consistently shone through, propelled by unparalleled creativity and the supreme quality of its offerings. The latest ready-to-wear fashion showcases, curated for women by Nicolas Ghesquière, received an overwhelmingly positive response. This period saw the introduction of numerous new products, particularly in leather goods and timepieces. The exclusive Tambour Twenty collector’s watch, embodied by the brand ambassador Bradley Cooper, quickly sold out. Christian Dior also continued to excel in all product lines, and after an extensive three-year renovation, the historic flagship at 30 Avenue Montaigne in Paris reopened to widespread acclaim. Celine experienced significant growth due to the success of Hedi Slimane’s designs, while Loewe thrived under the creative direction of J.W.Anderson. Loro Piana maintained its positive trajectory, and Fendi, led by Kim Jones, celebrated the 25^th anniversary of its iconic Baguette bag with a spectacular fashion event in New York.

With a 19% revenue growth (including a 12% organic increase) during the first nine months of 2022, the Perfumes & Cosmetics segment adhered to its highly selective distribution strategy. Parfums Christian Dior excelled, solidifying its dominance in key markets. The fragrances experienced substantial growth, largely due to the enduring popularity of Sauvage, Miss Dior, and J’adore, further bolstered by the recent launch of Parfum d’Eau. Both Dior Addict in makeup and Prestige in skincare have significantly contributed to the brand’s rapid expansion. Guerlain also maintained a growth trajectory, primarily driven by the success of its Abeille Royale skincare line, the Aqua Allegoria collection, and its acclaimed fragrance line l’Art et la Matière. Similarly, Parfums Givenchy thrived on the sustained success of its fragrances, while the innovative Stella skincare line by Stella McCartney launched with an environmentally conscious approach, stemming from the LVMH Beauty R&D center.

The Watches & Jewelry division recorded a notable revenue growth of 23% (with a 16% organic increase) over the first nine months of 2022. Tiffany & Co. notably thrived due to strong consumer engagement in the United States. The “Vision & Virtuosity” exhibition at the Saatchi Gallery in London, commemorating the brand’s 185^th anniversary, received overwhelming acclaim. A fresh collection of Lock unisex bracelets was introduced in North America. Bulgari continued to enhance its iconic collections, showcasing its new high jewelry and watch line Eden: The Garden of Wonders in Shanghai and Beijing, while the Maison’s craftsmanship and creativity were highlighted in the film “Inside the Dream.” Chaumet hosted a “Végétal” exhibition celebrating nature during the summer in Paris, and Fred opened its first retrospective at the Palais de Tokyo, which was met with resounding success. In the watch segment, TAG Heuer launched its innovative Caliber E4 – Porsche Edition smart watch, while Hublot continued its countdown to the 2022 Football World Cup as the official timekeeper.

In the realm of Selective Retailing, the segment reported a robust revenue growth of 30% (including a 20% organic increase) during the first nine months of 2022. Sephora exhibited exceptional performance, experiencing a strong rebound in its in-store activities. Notably, growth was particularly pronounced in North America, France, and the Middle East. Sephora’s omnichannel strategy saw increased investments, aimed at continually enhancing the shopping experience for customers both online and in physical stores. Conversely, DFS faced challenges due to the ongoing absence of travel resulting from persistent health restrictions in Asia.

Future Growth Prospects and Strategic Focus

In light of an uncertain geopolitical and economic landscape, LVMH expresses confidence in sustaining its ongoing growth trajectory while adhering to a stringent policy of cost control and selective investments. The Group’s overarching strategy will continue to concentrate on enhancing the desirability of its prestigious brands, emphasizing the authentic quality of its products, the excellence of their distribution channels, and the agility of its organizational structure.

LVMH is poised to leverage the dynamic nature of its diverse brands and the exceptional talent of its teams to further consolidate its global leadership position in the luxury goods sector throughout 2022.

Apart from the items mentioned in this press release, there have been no events or changes during the quarter that could significantly affect the Group’s financial structure.

Regulated information related to this press release and presentation are available on www.lvmh.com</u