PERFUMES & COSMETICS EXCELLENT MOMENTUM IN FRAGRANCES AND MAKEUP
Guerlain
Revenue €8,271m +11% vs 2022(1)
Profit from recurring operations €713m +8% vs 2022
Operating margin 8.6%
(1) With comparable structure and constant exchange rates.
Guerlain
The Perfumes & Cosmetics business group posted organic revenue growth of 11% in 2023 thanks to its highly selective retail policy and dynamic innovation strategy, backed by the scientific excellence of LVMH’s research center. Profit from recurring operations was up 8%.
Christian Dior achieved a remarkable performance, extending its lead in its key markets. Fragrances were once again buoyed by the success of iconic scents Sauvage, Miss Dior and J’adore, which was enriched with Francis Kurkdjian’s latest creation, L’Or de J’adore. Makeup (with Dior Addict) and skincare (with Prestige and L’Or de Vie) also contributed to the Maison’s growth. Guerlain continued to grow, driven by the popularity of its Aqua Allegoria line and its L’Art & La Matière high-end fragrance collection, as well as the excellent response to its Terracotta Le Teint makeup. Parfums Givenchy benefited from its fragrances’ ongoing success. Benefit was buoyed by its The Porefessional skincare line, while Fenty Beauty posted robust growth, driven in particular by one of its latest innovations in mascara.