2024 Key Figures
- 75 Maisons
- 81 Countries
- > 215,000 Employees
- 6,307 Stores
Extract from the press release published on January 28, 2025
Bernard Arnault, Chairman and CEO of LVMH
Bernard Arnault, Chairman and CEO of LVMH, commented: “In 2024, amid an uncertain environment, LVMH showed strong resilience. This capacity to weather the storm in highly turbulent times – already illustrated on many occasions throughout our Group’s history – is yet another testament to the strength and relevance of our strategy. The creativity and very high quality of our products, our steadfast commitment to excellence, the agility of our teams and the good geographic balance of our locations underpin the success of LVMH and its Maisons, backed by the dedication of all our people. This dedication was also behind one of the Group’s finest collective achievements of 2024: LVMH and its Maisons’ partnership with the Paris 2024 Olympic and Paralympic Games, which helped make the world’s foremost sports competition a resounding success and showcased French expertise and craftsmanship on the global stage. As part of our ongoing commitment to design, culture and heritage, we were also glad to witness the reopening of Notre-Dame Cathedral in Paris at the end of the year, even more beautiful following its restoration, which took place with support from donors including LVMH. We also recently celebrated the 10th anniversary of the highly successful Fondation Louis Vuitton, which has drawn 11 million visitors since it opened and maintained its mission of making cultural events accessible to the widest possible audience. While remaining highly vigilant with regard to cost management and our single-minded focus on the desirability of our designs, we enter 2025 with confidence. Guided by our mission – ‘Passionate about creativity’ – and our core values, the Group will rely on the agility and talent of its teams to set the stage for future success and further extend its leadership in the luxury market.”
Revenue: 84.7 billion euros
Profit from recurring
operations: 19.6 billion euros
Free cash flow:
10.5 billion euros
Acceleration in the fourth quarter, driven by Asia, the United States and Europe
Major economic and social impact in France and around the world
GOOD RESILIENCE IN A DISRUPTED GLOBAL ENVIRONMENT
NEW PROGRESS MADE UNDER OUR LIFE 360 ENVIRONMENTAL PROGRAM
MAJOR ECONOMIC AND SOCIAL IMPACT IN FRANCE AND AROUND THE WORLD
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €84.7 billion in 2024. Growth continued (+1% on an organic basis) despite a challenging economic and geopolitical environment, as well as a high basis of comparison following several years of exceptional post-Covid growth. Europe and the United States posted growth on a constant consolidation scope and currency basis; Japan saw double-digit revenue growth; the rest of Asia reflected the strong growth in spending by Chinese customers in Europe and Japan. In the fourth quarter, organic revenue growth came to 1%, accelerating with respect to the third quarter.
Profit from recurring operations for 2024 came to €19.6 billion, equating to an operating margin of 23.1%, significantly exceeding pre-Covid levels. Exchange rate fluctuations had a substantial negative impact during the year, particularly on Fashion & Leather Goods and Wines & Spirits. The Group share of net profit amounted to €12.6 billion. Free cash flow came to €10.5 billion, up 29%.
Despite a geopolitical and macroeconomic environment that remains uncertain, the Group remains confident and will pursue its brand development-focused strategy, underpinned by continued innovation and investment as well as an extremely exacting quest for desirability and quality in its products and their highly selective distribution.
Driven by the agility of its teams, their entrepreneurial spirit and its well-diversified presence across the geographic areas in which its customers are located, LVMH once again sets an objective of reinforcing its global leadership position in luxury goods in 2025.
At the Shareholders’ Meeting on April 17, 2025, LVMH will propose a dividend of €13 per share. An interim dividend of €5.50 per share was paid on December 4, 2024. The balance of €7.50 per share will be paid on April 28, 2025.
Paris, July 23, 2023. LVMH puts an end to long months of suspense, announcing the Group's premium partnership with the Olympic and Paralympic Games Paris 2024.
Following a year of intense negotiations, the announcement kicks off an extraordinary adventure uniting LVMH, its Maisons and Paris 2024.
Now a new documentary entitled "Artisans of All Victories" takes you behind the scenes of this unprecedented partnership, shining a light on a collaboration that helped make these the most creative Games in the history of the Olympics.
From the inception of the partnership to superb execution during Paris 2024, "Artisans of All Victories" invites viewers on a deep dive into a remarkable odyssey centered on creativity and people, featuring exclusive interviews with Bernard Arnault, Tony Estanguet, Antoine Arnault, Anne Hidalgo, Léon Marchand and others. They share insights into their vision, the challenges they faced, and the success stories that culminated this incredible collaboration.
LVMH and its Maisons were key players in this saga, notably Berluti, Chaumet, Dior, Louis Vuitton and Sephora. In record time, they stepped up to celebrate French excellence and help Paris shine and sparkle on this unique global stage.
The documentary "Artisans of All Victories" is available on France TV since 16 December 2024.
Five years after the devastating fire that ravaged Notre-Dame de Paris, this spiritual icon of French history reopened its doors. This historic event was celebrated with an inaugural ceremony on December 7. The cathedral’s rebirth, made possible thanks to a remarkable mobilization, is tremendously moving.
Right from day one, LVMH joined the unprecedented outpouring of generosity that enabled the restoration of this jewel of our heritage, ensuring that Notre-Dame will long into the future shine brightly in France and around the world.
The unwavering engagement of all the actors and partners involved in the restoration of Notre-Dame de Paris was decisive. We have a special thought for General Jean-Louis Georgelin who, until his tragic passing in 2023, led the state organization in charge of the conservation and restoration of the cathedral.
This massive undertaking was completed in record time, showcasing the excellence of French savoir-faire, flawlessly executed by nearly 2,000 architects, workers and artisans in a host of métiers.
Thanks to this collective engagement, Notre-Dame is now ready to welcome visitors and continue to inspire the entire world.
|
LVMH STOCK MARKET DATA (in euros) |
2021 |
2022 |
2023 |
2024 |
|---|---|---|---|---|
|
High (mid-session) |
741.60 |
758.50 |
904.60 |
886.40 |
|
Low (mid-session) |
489.05 |
535.00 |
655.00 |
565.40 |
|
Year-end share price |
727.00 |
679.90 |
733.60 |
635.50 |
|
Change during the year (%) |
+42% |
-6,5% |
+7,9% |
-13,4% |
|
Change in the CAC 40 (%) |
+29% |
-9,5% |
+16,5% |
-2,2% |
|
Market capitalization at Dec. 31 (EUR bn) |
367.0 |
342.0 |
368.0 |
318.0 |
Source: Euronext.
-13.4% -2.2%
€635.5
€318bnThe largest capitalization on the Paris stock market
Listed on Eurolist by Euronext Paris
CAC 40, Dow Jones Euro Stoxx 50, MSCI Europe, FTSE Eurotop 100, Global Dow and FTSE4Good.
An LVMH shareholder who invested €1,000 on January 1, 2020 would have a capital of €1,655 on December 31, 2024, based on reinvested dividends. This represents a 65.5% increase over five years, equating to an average annual return of around 10.6%.
Ruinart, Nicolas Ruinart Pavilion, 4 Rue des Crayères, Reims, France
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.
Louis Vuitton Family house and Asnières workshops, France
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 www.clublvmh-actionnaires.fr/en. This private online space, dedicated to Club members, can be accessed once they have created their account.
|
April 2025 |
2025 first-quarter revenue |
|---|---|
|
Thursday, April 17, 2025 |
2025 Shareholders’ Meeting |
|
Monday, April 28, 2025 |
Payment of the final dividend for fiscal year 2024 (last trading day with dividend rights: April 23, 2025) |
|
July 2025 |
2025 half-year revenue and results |
|
October 2025 |
2025 third-quarter revenue |
The LVMH website (www.lvmh.com) 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.
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.
Investor and Shareholder Relations
Phone: +33 (0)1 44 13 27 27
Shareholders’ Club
Phone: +33 (0)1 44 13 21 50
E-mail: clubactionnaires@lvmh.com