Company News, Financial News

LVMH Records $93.4 Billion in Revenue in 2023

In Q4, organic revenue growth came to 10%.

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By: Lianna Albrizio

Associate Editor

LVMH Moët Hennessy Louis Vuitton recorded revenue of $93.44 billion in 2023, equating to organic growth of 13% with respect to 2022.    Europe, Japan and the rest of Asia achieved double-digit organic growth. In the fourth quarter, organic revenue growth came to 10%.   Profit from recurring operations stood at $24.71 billion for 2023, up 8%. The current operating margin remained stable with respect to 2022. Group share of net profit amounted to $16.48 billion, up 8%.   “O...

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