LVMH Narrowly Beats on Revenue in Q4 Results

LVMH Moët Hennessy Louis Vuitton (LVMH) has reported its Q4 results, narrowly beating analyst expectations for revenue. The world's leading luxury goods group posted revenue of €23.9 billion in the three months to Dec. 31, in line with the same period the prior year. Organic revenues grew 1% compared to the third quarter's 3% drop. The fashion and leather goods unit posted a 1% decline in revenues on an organic basis, beating consensus estimates for a 3% drop. Wines and spirits recorded an 8% decline, but other sectors saw improvements, with watches and jewelry up 3% and selective retailing rising 7% during the key holiday period. Sales of perfumes and cosmetics were up 2%, but this was down from a 3% rise in the prior quarter.



Bernard Arnault, Chairman and CEO of LVMH, commented: "While remaining highly vigilant with regard to cost management and our single-minded focus on the desirability of our designs, we enter 2025 with confidence." He added that the group's resilience in a disrupted global environment was a testament to its strategy, creativity, commitment to excellence, and the dedication of its people.

The group's performance in the fourth quarter was driven by Asia, the United States, and Europe, with the fashion and leather goods unit posting a 1% decline in revenues on an organic basis. Wines and spirits recorded an 8% decline, but other sectors saw improvements, with watches and jewelry up 3% and selective retailing rising 7% during the key holiday period. Sales of perfumes and cosmetics were up 2%, but this was down from a 3% rise in the prior quarter.

LVMH's Q4 results reflect the group's ability to navigate a challenging economic and geopolitical environment, as well as a high basis of comparison following several years of exceptional post-Covid growth. The group's strong performance in the fourth quarter is a testament to its resilience and adaptability in the face of adversity. As we look ahead to 2025, LVMH remains well-positioned to continue its growth trajectory, driven by its strong brand portfolio, geographic diversification, and commitment to innovation and excellence.