Louis Vuitton
Revenue €18,136m +24% vs H1 2021(1)
Profit from recurring operations €7,509m +33% vs H1 2021
Operating margin 41.4%
(1) With comparable structure and constant exchange rates.
Louis Vuitton
The Fashion & Leather Goods business group recorded organic revenue growth of 24% in the first half of 2022. Profit from recurring operations was up 33%.
Driven as always by an exceptional creativity and with a major cultural focus, Louis Vuitton had an excellent first half across all its business activities and maintained its profitability at an exceptional level. Nicolas Ghesquière presented, for the first time at the Musée d'Orsay, his Women’s Autumn-Winter 2022 collection and chose the Salk Institute in San Diego, California, for his 2023 Cruise show. Remarkable renovations continue to be made to the store network, for example in Lille, where Louis Vuitton Maison has reopened in the iconic L’Huîtrière (Oyster House). Maintaining its commitment to the development of high-quality craftsmanship and artisanal excellence, the Maison inaugurated two new workshops in France, including one for precious leathers in Vendôme. Christian Dior continued to enjoy remarkable growth in all its product categories. The latest fashion shows in Seville and Paris, which highlighted the inspiring collections of Maria Grazia Chiuri, were very well received. After three years of renovations, the historic birthplace of the Maison at 30 Avenue Montaigne in Paris reopened, celebrating its excellent know-how, its passion for couture, its elegance and culture, and offering a new holistic experience unique to Dior. Fendi recorded solid growth, driven by the success of the Kim Jones collections. Celine saw very strong growth resulting from the remarkable success of the ready-to-wear and leather goods created by Hedi Slimane, notably with the new line of high-end leather goods for its Triomphe and 16 collections. Loewe continued to show excellent momentum under the impetus of the bold creativity of J.W.Anderson. Loro Piana and Marc Jacobs also enjoyed an excellent first half of the year.