. Revenue 79 billion euros
. Profit from recurring operations 21 billion euros
. Both metrics increased by 23%
. Demonstrating a robust social and economic impact in France

Paris, January 26th, 2023

LVMH Moët Hennessy Louis Vuitton, recognized globally as the premier luxury goods conglomerate, reported impressive revenue figures of €79.2 billion for 2022 alongside a profit from recurring operations totaling €21.1 billion. Remarkably, both figures reflect a robust increase of 23% year-over-year, underscoring the brand’s resilience and market leadership.

Each of LVMH’s business sectors experienced substantial organic revenue growth throughout the year, as detailed in the accompanying table on page 3. The Fashion & Leather Goods sector achieved exceptional organic growth of 20%, reaching unprecedented revenue levels. The profit from recurring operations for the year was reported at €21.1 billion, marking a 23% increase compared to the previous year. Furthermore, the operating margin held steady at the same level as in 2021, while the group’s share of net profit amounted to €14.1 billion, reflecting a 17% rise from 2021. Operating free cash flow impressively exceeded €10 billion.

Significant growth was observed in key markets, including Europe, the United States, and Japan, driven by robust local demand and the resurgence of international travel. Meanwhile, Asia exhibited stability throughout the year, attributed to varying health circumstances, particularly in China.

Bernard Arnault, Chairman and CEO of LVMH, emphasized, “The performance we achieved in 2022 showcases the remarkable allure of our Maisons and their unique ability to inspire desire, even amidst a year marked by economic and geopolitical uncertainties. The Group consistently recorded substantial growth in both revenue and earnings. Our strategic approach, which leverages the complementary nature of our diverse activities and geographic reach, fosters innovation, enhances the quality of our offerings, and enriches our cultural heritage through the legacy of our Maisons. This was vividly illustrated during our highly successful LVMH Journées Particulières, where we welcomed visitors across fifteen countries in 2022, witnessing record attendance as guests engaged with the craftsmanship of our artisans. As we approach 2023, we remain optimistic yet cautious in light of ongoing uncertainties. We are confident in the desirability of our Maisons and the agility of our teams to further solidify our leadership in the global luxury market while upholding France’s prestige on the world stage.”

Key Accomplishments of 2022:

• A record-breaking year despite geopolitical and economic challenges,
• Robust revenue growth across all business segments and increased market share globally,
• Significant growth in operations across Europe, Japan, and the United States,
• Strong performance in Champagne and Cognac, driven by a value creation strategy,
• Remarkable achievements by the Fashion & Leather Goods division, particularly brands like Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe, and Marc Jacobs, which gained significant market share and attained record earnings,
• Louis Vuitton surpassed 20 billion euros in revenue for the first time,
• Significant growth in fragrance sales, with Dior’s Sauvage retaining its status as the world’s leading fragrance in 2022,
• Ongoing creative success for all Watches & Jewelry Maisons, especially Tiffany, Bulgari, and TAG Heuer,
• A remarkable recovery for Sephora, solidifying its position as the global leader in beauty product distribution,
• Operating investments nearing €5 billion, primarily focused on expanding the store network, enhancing production facilities, and creating new jobs,
• Operating free cash flow exceeding €10 billion.

LVMH: A Significant Social and Economic Contributor in France and Beyond:

• 39,000 young recruits globally in 2022.
• In France, LVMH hired over 15,000 individuals in 2022, positioning the Group as the largest private employer in the nation.
• In 2022, LVMH allocated nearly 215 million euros towards employee training initiatives.
• In France, each job directly created by LVMH generates four additional jobs within the French economy, resulting in approximately 160,000 indirectly employed individuals.
• More than 500 retail locations and 110 manufacturing facilities and workshops strategically located throughout France.
• LVMH continues to establish new manufacturing facilities each year in France, particularly for Louis Vuitton.
• Five billion euros in corporate taxes paid globally, with nearly half remitted to France.
• Annual investments exceeding one billion euros in France.
• On average, the total fiscal impact (corporate tax + VAT + social contributions) of LVMH in France exceeds 4.5 billion euros annually.
• The remuneration for employees within the Group is among the most competitive in the luxury sector.
• A majority of our employees in France benefit from profit-sharing schemes, amounting to a total of 400 million euros for the Group in 2022.
• LVMH has been recognized for its exemplary transparency and performance in environmental protection concerning climate, forests, and water by the CDP (Carbon Disclosure Project), a leading global non-profit organization, and is one of only 12 companies worldwide to have achieved a triple “A” rating out of over 15,000 rated entities.

Essential Financial Metrics

Revenue Breakdown by Business Group:

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Sienna Blake

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Sienna Blake is a licensed aesthetic consultant and beauty writer specializing in cosmetic surgery advancements and non-invasive treatments. With a background in dermatology and over eight years of industry experience, Sienna is passionate about helping people achieve confidence through informed beauty decisions. She holds a Bachelor's degree in Health Sciences and regularly collaborates with top plastic surgeons to stay at the forefront of aesthetic innovations. Outside of her work, Sienna enjoys traveling, skincare research, and practicing Pilates.

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