LVMH’s organic revenue rose 14% in first nine months of 2023

All business groups under LVMH, except Wines & Spirits, reported organic revenue growth during the period.

Jangoulun Singsit October 11 2023

Luxury goods company Moët Hennessy Louis Vuitton (LVMH) has reported revenue of €62.20bn ($76.23bn) in the first nine months of fiscal year (FY) 2023.

This represents an organic growth of 14% compared to the same period in FY22.

Regionally, the company’s business in Europe, Japan and the rest of Asia achieved double-digit organic growth during the period.

LVMH’s Fashion and Leather Goods business recorded revenue of €30.91bn in the first nine months of the fiscal, up 16% and 11% on an organic and reported basis, respectively.

During the period, its Watches and Jewellery business group generated €7.95bn in revenue, up 9% on an organic basis from €7.57bn in the corresponding period a year ago.   

The company’s Perfumes and Cosmetics business registered revenue of €6.02bn in the first three-quarters of the fiscal, up 8% on a reported basis and 12% on an organic basis against the prior year period.

However, its Wines and Spirits division reported an organic revenue decline of 7% to €4.68bn compared to €5.22bn a year ago.

In the third quarter of FY23, LVMH’s revenue grew 9% compared to the same period a year ago.

In a statement, the company said: “In an uncertain economic and geopolitical environment, the group is confident in the continuation of its growth and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organisation.”

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close