LVMH, the world’s largest luxury company, reported better-than-expected full-year sales on January 28, 2025, in San Diego, California. The company posted revenues of 84.68 billion euros ($88.27 billion) for 2024, surpassing the 84.38 billion euros forecast by analysts, indicating a potential turnaround in the high-end sector.
- LVMH reports strong full-year sales growth.
- Revenues reached 84.68 billion euros.
- Fourth-quarter sales exceeded expectations.
- Bernard Arnault highlights company's resilience.
- Luxury industry shows signs of recovery.
- LVMH shares up 18% year-to-date.
LVMH’s sales figures reflect a resilient performance amid challenges in the luxury market, particularly due to declining sales in China and broader economic pressures. The company experienced a 1% organic growth compared to the previous year, which is notable given the turbulent market conditions. In the fourth quarter, LVMH’s sales rose unexpectedly after a decline for the first time since the pandemic.
Key details from LVMH’s financial report include:
- Full-year revenues: 84.68 billion euros ($88.27 billion)
- Analysts’ forecast: 84.38 billion euros
- Organic growth: 1% year-over-year
Bernard Arnault, chairman and CEO of LVMH, emphasized the company’s resilience in his statement, citing the ability to navigate turbulent times as a testament to their strategic strength. LVMH’s diverse portfolio, which includes brands like Louis Vuitton and Moët & Chandon, positions it as a bellwether for the luxury sector. The company has seen its shares rise approximately 18% year-to-date, regaining its status as Europe’s most valuable company after surpassing Novo Nordisk.
LVMH’s strong sales performance in 2024 signals potential recovery in the luxury market, particularly following a challenging period. The company’s ability to exceed expectations amidst economic uncertainties highlights its strategic relevance in the luxury sector.
