LVMH the world’s leading luxury goods conglomerate, has once again demonstrated its ability to navigate economic uncertainties. Despite a challenging global landscape, the company recorded revenue of €84.7 billion in 2024, reflecting a 1% organic growth compared to the previous year.
Revenue: €84.7 billion
Profit from Recurring Operations: €19.6 billion
Free Cash Flow: €10.5 billion (up 29%)
Net Profit: €12.6 billion
The Fashion & Leather Goods segment recorded a revenue of €41 billion, with a profit from recurring operations of €15.23 billion.
The Fashion & Leather Goods business group, which was broadly stable in terms of organic growth in 2024, showed solid resilience. Profit from recurring operations was down 10%, mainly affected by exchange rate fluctuations.
Louis Vuitton and Christian Dior both enjoyed high visibility over the summer with the Paris 2024 Olympic and Paralympic Games.
Louis Vuitton was once again driven by its remarkable capacity for innovation in the world of travel: bespoke trunks, handcrafted in its historic Asnières workshops, held the world’s most prestigious sports trophies, such as those of the Louis Vuitton 37th America’s Cup in Barcelona, as well as the torches and medals of the Paris 2024 Olympic and Paralympic Games.
The luxury giant witnessed significant growth across Europe, the United States, and Japan, with China playing a crucial role in boosting sales through increased spending in international markets.
LVMH Chairman and CEO Bernard Arnault emphasized the company’s resilience amid economic and geopolitical uncertainties. He credited the brand’s strong creativity, quality, and strategic agility for its continued success.
Additionally, LVMH remains France’s largest private-sector recruiter, employing over 215,000 people worldwide, including 40,000 in France and LVMH paid €6 billion in corporate tax worldwide in 2024, around half of which in France.
