Extract from the press release published on January 26, 2023

Bernard Arnault, Chairman and CEO of LVMH

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.”


Revenue: 79 billion euros

Profit from recurring
21 billion euros

Highlights of 2022 include:

  • A record year despite the geopolitical and economic situation,
  • Significant revenue growth for all business groups and market share gains worldwide,
  • Strong growth in business in Europe, Japan and the United States,
  • Good growth in Champagne and Cognac, based on a value creation strategy,
  • A remarkable performance by the Fashion & Leather Goods business group, notably Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs, which are gaining market share globally and reaching record levels of revenue and earnings, 
  • Louis Vuitton revenue surpassed 20 billion euros, for the first time,
  • Strong growth in perfumes. The continued global success of Dior’s Sauvage, once again world leader in 2022,
  • Sustained creative momentum for all our Watches & Jewelry Maisons, in particular Tiffany, Bulgari and TAG Heuer,
  • A remarkable rebound for Sephora, which confirmed its place as world leader in the distribution of beauty products,
  • Operating investments of nearly €5 billion, mainly dedicated to the expansion of the store network, the development of production facilities and employment,
  • Operating free cash flow of more than €10 billion.

social and economic footprint

LVMH, a strong social and economic footprint in France and around the world

  • 39,000 young people recruited worldwide in 2022.
  • In France, LVMH recruited more than 15,000 people in 2022, which makes the Group the leading private recruiter in the country.
  • In 2022, LVMH invested nearly 215 million euros in training its employees.
  • In France, one job created directly by LVMH generates four for the French economy. That is equivalent to around 160,000 people working indirectly for the Group.
  • More than 500 stores and 110 manufacturing facilities and workshops located across France.
  • LVMH opens several manufacturing facilities each year in France, notably for Louis Vuitton.
  • Five billion in corporation taxes paid worldwide, almost half of which in France.
  • More than one billion euros invested in France each year.
  • On average over recent years, the total fiscal footprint (corporation tax +VAT +social charges) of LVMH in France is more than 4.5 billion euros per year.
  • The salaries of the group's employees are among the most competitive in their sector of activity.
  • Most of our employees in France benefit from profit-sharing, with an overall total for the group of 400 million euros in 2022.
  • LVMH has been recognized for its leadership in terms of transparency and performance in matters concerning the protection of the climate, forests and water by the CDP (Carbon Disclosure Project), a global not-for-profit environmental organization and is now one of 12 companies in the world to have obtained a triple “A” rating out of more than 15,000 rated companies.

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €79.2 billion in 2022 and profit from recurring operations of €21.1 billion, both up 23%.

All business groups achieved significant organic revenue growth over the year. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. Profit from recurring operations stood at €21.1 billion for 2022, up 23%. Operating margin remained at the same level as 2021. Group share of net profit was €14.1 billion, up 17% compared to 2021. Operating free cash flow surpassed €10 billion.

Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Asia was stable over the year due to developments in the health situation in China.

Access the 2022 Full Year results webcast

Extract from the press release published on January 26, 2023

Confidence in 2023

With the month of January having started well and despite an uncertain geopolitical and economic environment, LVMH is confident in its ability to continue the growth observed in 2022. The Group will pursue its brand development focused strategy, underpinned by continued innovation and investment as well as a constant quest for desirability and quality in its products and their distribution. 

Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across businesses and geographic areas in which its customers are located, LVMH enters 2023 with confidence and once again, sets an objective of reinforcing its global leadership position in luxury goods.

Dividend 2022

At the General Meeting of April 20, 2023, LVMH will propose a dividend of 12 euros per share. An interim dividend of 5 euros per share was paid on December 5 of last year. The balance of 7 euros will be paid on April 27, 2023.

2022 Key Figures

  • 75 Maisons
  • 81 Countries
  • 196,000 Employees
  • 5,664 Stores
  • Revenue 79,184m
  • Profit
    from recurring
  • Operating
  • Operating
    free cash flow
  • Net financial debt/
    Equity ratio
  • Dividend per share
    to be proposed at 2023
    Shareholders’ Meeting

Focusing on key action areas

  • Respecting each one's
    dignity and individuality
    45% of women working at Group key positions (vs. 23% in 2007) with an objective to reach 50% by 2025
  • Transmitting our World
    heritage’s savoir-faire
    > 2,000 apprentices trained by the IME across 7 countries since its creation in 2014
  • Supporting the safety
    and well-being of employees
    100% of Maisons signed the LVMH “Health & Safety” Charter
  • Committing to a better society > 1 million people helped throughout the year through donations to charitable organizations, foundations or initiatives

Putting the environment at the heart of creativity

  • Creative circularity 39% of recycled raw materials in packaging
    (LIFE 360 objective by 2030: 70%)
  • Biodiversity 1.37 million hectares of preserved fauna and flora habitat
    (LIFE 360 objective by 2030: 5M hectares)
  • Climate AAA CDP (Carbon Disclosure Project) Climate, Forest and Water rating


  • 100% French vineyards
  • 71% Cotton
  • 91% Leather
  • 99.5% Diamonds
  • Strategic raw materials certified
    (LIFE 360 objective by 2026: 100%)
  • Data as of December 31, 2022

LVMH and its Maisons


After the first week of January, when the CAC 40 reached an all time record high, stock markets had a particularly volatile year, marked by the war in Ukraine and its repercussions on the global economy, which led to both shortages and surging inflation fueled by the energy crisis.

Faced with these headwinds, central banks took decisive action, launching an unprecedented series of interest rate hikes after nearly ten years of falling rates. In this more challenging environment, which was also weighed down by extended lockdowns in China as well as political and economic uncertainty in the United Kingdom, stock markets nevertheless saw a slight upturn in the second half of the year.

The CAC 40 and Euro Stoxx 50 indices finished 2022 down 9.5% and 11.7%, respectively, dropping less than US growth stocks, with the NASDAQ plunging 33%. The geopolitical and macroeconomic context also weighed on the performance of luxury stocks. The LVMH share saw a rebound in the fall, recouping part of its full-year drop and allowing it to finish off the year down 6.5%, at €679.90. LVMH’s market capitalization was €342 billion as of December 31, 2022, making the Group the most valuable company in Europe. 

Comparison between the LVMH share price and the CAC 40 AS OF December 31, 2022

Follow the real-time trade


(in euros)





High (mid-session)





Low (mid-session)





Year-end share price





Change during the year (%)





Change in the CAC 40 (%)





Market capitalization at Dec. 31 (EUR bn)





Source: Euronext.

LVMH share CAC 40 (as of December 31, 2022)

-6.5% -9.5%

Year-end share price


Stock market capitalization

€342bnThe largest capitalization on the Paris stock market


Listed on Eurolist by Euronext Paris

Member of indices

CAC 40, Dow Jones Euro Stoxx 50, MSCI Europe, FTSE Eurotop 100, Global Dow and FTSE4Good.

Shareholder return

An LVMH shareholder who invested €1,000 on January 1, 2018 would have a capital of €2,984 on December 31, 2022, based on reinvested dividends. This represents nearly a threefold increase, equating to a compound annual growth rate of around 24.5% over five years.


Dior, 30 Montaigne, Paris

The LVMH Shareholders’ Club was set up in 1994 to give individual shareholders who are particularly interested in the life of the Group a better understanding of LVMH, its businesses and its brands. 

The LVMH Shareholders’ Club can be joined free of charge by any shareholder who owns at least one LVMH share listed on the Paris stock exchange.


We send Club members several publications to keep them informed of the latest news about our Maisons, such as the Annual Report, the twice-annual Letter to Shareholders and the annual issue of Apartés, our Club magazine.


Guerlain, the Bee Bottle

Throughout the year, the LVMH Shareholders’ Club holds exceptional in-person and virtual private tours of a number of its Maisons, such as Louis Vuitton’s workshops in Asnières, the Dior 30 Montaigne boutique and la Galerie Dior, the historic La Samaritaine department store by the Pont Neuf, the Maison Chaumet or the Guerlain 68 Champs-Élysées flagship in Paris. Club members can also reserve guided tours of unique sites such as Hennessy’s centuries-old cellars in Cognac, Veuve Clicquot and Ruinart’s magnificent crayères in Reims, as well as Moët & Chandon and Mercier’s champagne cellars in Epernay.


In addition to special offers on a selection of the Group’s wines and spirits, for delivery in France only, Club members can purchase discounted subscriptions to Group media publications – Les Echos, Investir, Le Parisien and Connaissance des Arts – and order priority-access tickets for the Fondation Louis Vuitton.


The detailed program of the Club’s visits as well as the exclusive offer of wines and spirits, subscriptions to the Group’s newspapers and magazines and tickets to the Fondation Louis Vuitton are available via the Club’s website at This private online space, dedicated to Club members, can be accessed once they have created their account.

Join the Shareholders’ Club


April 2023

2023 first-quarter revenue

Thursday, April 20, 2023

Shareholders’ Meeting

Thursday, April 27, 2023

Payment of the final dividend for fiscal year 2022 (last trading day with dividend rights: April 24, 2023)

July 2023

2023 half-year revenue and results

October 2023

2023 third-quarter revenue

FocusLVMH program DARE taps talents for cutting-edge innovation

Since 2017, DARE (Disrupt, Act, Risk to be an Entrepreneur) gives LVMH employees the opportunity to bring their ideas to life and turn them into concrete projects. This global intrapreneurial program encourages all talents to share bolds ideas for new business solutions and offers the most relevant ones an opportunity to be brought to market.

Supported by mentors – CEOs from LVMH Maisons and external entrepreneurs –DARE participants refine their business model, test their prototype and prepare their final pitch. The winning teams are accelerated with startup methodologies within the highest level of the organization.

In just five years, DARE has grown into a community of over 30 000 talents and has supported the launch and acceleration of 52 innovative projects, reaching all LVMH business verticals. These include:

  • Nona Source, the first online resale platform which re-values deadstock fabrics from the Group’s Fashion & Leather Goods Maisons.
  • Shero, an internal platform of empowerment to inspire talents with tips, coaching and initiatives.
  • The Inclusion Index, an observatory and accelerator of Diversity and Inclusion initiatives within the Group.
  • Heristoria, a recently launched platform that curates and sells iconic millesime pieces from LVMH Maisons.

DARE has been at the origin of many projects that echo LVMH’s core values of creativity and innovation & entrepreneurial spirit and excellence.


A veritable revolution in sourcing, Nona Source offers emerging creatives and brands in Europe access to high-quality fabrics and leathers at competitive prices to encourage creative re-use of materials. 

Learn more


Heristoria is a digital platform that curates authenticated and millesime LVMH and Maison products. The platform went public last November. Its first online sale included nearly 30 exceptional pieces from 21 Maisons. Each purchase also gave clients access to an exclusive experience within the Maison of the millesime product. 

Learn more


2023 SHOW

2023 SHOW

2023 SHOW

2023 SHOW



The LVMH website ( gives access to a wide range of regularly updated information on the Group and its Maisons. A section specially aimed at the financial community and LVMH shareholders features the share price in real time, its chart relative to the CAC 40, the events schedule, press releases and presentations, in particular the Shareholders’ Meeting, which can be watched live or on replay.

Access the LVMH website


Communications media can be viewed in the Publications section along with the Annual Report, the Social and Environmental Responsibility Report. LVMH also sends out Group news by email to web users who sign up for Press Release and Letter to Shareholders alerts. Lastly, a Calendar alert is available for those wishing to be advised of updates to this section and receive an email reminder the day before an event.

Subscribe to our Newsletters


Investor and Shareholder Relations
Phone: +33 (0)1 44 13 27 27

Shareholders’ Club
Phone: +33 (0)1 44 13 21 50