LVMH has reported its 2022 full-year revenue of €79.2 billion and profit from recurring operations of €21.1 billion, both up 23%.
Group share of net profit was €14.1 billion, a 17% increase as compared to the previous year.
Its fourth quarter revenue was reported at €22.7 billion, as compared to €20 billion in the previous year.
Perfumes and Cosmetics Full-Year
Revenue for the category in 2022 was €7.7 billion, a 17% increase as compared to the previous year.
Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe.
Christian Dior enjoyed a remarkable performance, strengthening its lead.
Sauvage confirmed its position as the world’s leading perfume, while the women’s fragrances Miss Dior and J’adore, enriched with its latest creation Parfum d’Eau, continued to grow.
Dior Addict in makeup and prestige in skin care also contributed to the rapid growth of the Maison.
Guerlain sustained its growth, driven notably by the vitality of its Abeille Royale skin care, its Aqua Allegoria collection and its exceptional perfumes L’Art et la Matière.
Fenty Beauty doubled its revenue thanks to the expansion of its distribution network and the success of its launches.
Perfumes and Cosmetics Q4
Revenue for the fourth quarter in the category was €2.1 billion, as compared to €1.9 billion in the previous year.
Bernard Arnault, chairman and CEO of LVMH, said: “Our performance in 2022 illustrates the exceptional appeal of our maisons and their ability to create desire during a year affected by economic and geopolitical challenges. The group once again recorded significant growth in revenue and earnings. Our growth strategy, based on the complementary nature of our activities, as well as their geographic diversity, encourages innovation and the quality of our creations, the excellence of their distribution, and adds a cultural and historical dimension thanks to the heritage of our maisons. This was showcased during our hugely successful LVMH Journées Particulières, when we opened our doors to all in fifteen countries in 2022 and saw a record number of visitors come to learn about the know-how of our artisans. We approach 2023 with confidence but remain vigilant due to current uncertainties. We count on the desirability of our maisons and the agility of our teams to further strengthen our lead in the global luxury market and support France’s prestige throughout the world.”