Dior H1 revenue EUR 39,810 million

Dior H1 revenue EUR 39,810 million

PARIS — LVMH Moët Hennessy Louis Vuitton (LVMH) reported mixed results for the first half of 2025, with net profit falling 22 percent compared to the same period last year. The luxury conglomerate, which owns over 75 brands including Dior, Louis Vuitton, and Sephora, reported a net profit of 5.70 billion euros in the first six months, slightly exceeding analysts’ forecasts [1].

The fashion and leather goods division, which includes Dior, faced significant challenges. Organic sales declined by 9 percent in the second quarter, falling short of the expected 7 percent decline. This sector, which includes luxury brands like Dior and Louis Vuitton, continues to struggle against anemic demand, a weak euro, and the threat of U.S. trade tariffs [1].

Despite the setbacks, LVMH’s overall revenues fell 7 percent to 19.50 billion euros in the second quarter, representing a 4 percent decline in organic terms. The company’s operating margin remained at 22.6 percent, above the Visible Alpha consensus forecast of 8.87 billion euros [1].

Bernard Arnault, chairman and CEO of LVMH, emphasized the group’s resilience in the current context. “LVMH showed solidity in the current context. Beyond the prevailing uncertainties, we remain focused thanks to the long-term vision that has always guided our family group,” he said in a statement. Arnault expressed confidence in LVMH’s long-term potential and the commitment of its teams to reinforce the group’s leadership position in luxury goods [1].

Wines and spirits, along with fashion and leather goods, were the segments with the biggest declines in operating profit, down 33 percent and 18 percent, respectively. Perfumes and cosmetics, as well as selective retailing, performed better than expected, with a 1 percent rise and a 4 percent rise, respectively. Watches and jewelry also showed resilience with organic sales flat in the second quarter [1].

The debut collections by Jonathan Anderson at Dior and Sarah Burton at Givenchy were well-received, but the overall performance of the fashion and leather goods division remains a concern for investors. LVMH will continue to monitor the market and adapt its strategies to navigate the challenges faced by luxury goods in the current economic climate [1].

References:
[1] https://wwd.com/business-news/financial/lvmh-q2-2025-results-fashion-and-leather-goods-miss-1237994686/