LVMH Moet Hennessy Louis Vuitton announced its 2023 Group share of net profit at 15.2 billion euros, representing an 8% increase from the preceding year. The company's profit from recurring operations rose by 8% to reach 22.8 billion euros.
The revenue for the 2023 financial year amounted to 86.2 billion euros, marking an organic growth rate of 13% in comparison to the previous year. With the exception of the Wines & Spirits sector, which grappled with a high comparison basis and increased inventory levels, the company stated that all business groups posted robust organic revenue growth. The fourth quarter saw organic revenue growth hit 10%.
LVMH intends to propose a dividend of 13 euros per share at the Shareholders' Meeting scheduled for April 18, 2024.
