LVMH (LVMH.PA) returns Q4, fiscal year 24 years of fiscal year

The largest luxury company in the world LVMH The report on Tuesday said that the annual sales exceeded expectations, which is the biggest sign that may occur in high -end industries.

Louis Vuitton, MOëT & Chandon and Hennessy's brand owners 'income of 8.68 billion euros (US $ 88.27 billion) in 2024, while LSEG analysts' 84.38 billion euros.

The company said that the number of numbers throughout the year is equal to 1 % for the organic growth of the previous year.

Since the fourth quarter of December, sales have exceeded expectations since the fourth quarter of December. Growth is led by consumers in Europe, the United States and Japan, and the organization quotes extensive weaknesses in Asia.

“In 2024, in an uncertain environment, LVMH showed strong toughness. This ability to spend the storm during a high turbulent period-in many cases in the history of the group, it has explained this Prove the power and correlation of our strategy, Arnault, chairman and CEO of “Bernard” LVMH, said in a statement.

As a result, the selective retail unit (including Sephora) and the selective retail unit, including Sephora), and perfume and cosmetics. However, the organization's key fashion and leather products, as well as wine and spoil segments, continue to fall behind.

Shortly after the issuance, ARNAULT pointed out in his speech that the company's COGNAC and Spirits' sales have fallen sharply, but he said that as the new team takes over, he is expected to resume within two years.

He added that despite the continuous geopolitics and macroeconomic uncertainty, the organization's view of 2025 “started well.”

French luxury giants are regarded as the leading position of a broader luxury industry. In recent years, due to China's sales and a wider macroeconomic backwind, it has faced tremendous pressure in recent years.

Luxury stocks are the buoyancy of Cartier owner earlier this month Richmont With the holiday shopping period, consumers returned to the store and reported their “highest in history” quarterly sales figures. British Fashion House Burberry On Friday, due to the continuous strategic repair, the sales in the third quarter of the fiscal sales were shallow.

However, Jefferies analysts said in a comment on Monday that the results of the LVMH results will provide “better luxury trend indicators”, including wine and liquor, in view of a comment on Monday. Fashion and leather, watches and jewelry, and cosmetics and perfumes.

LVMH's stocks are gradually growing by about 18 %, falling more than 13 % in 2024. Earlier this month, the group surpassed the Danish pharmaceutical giant Novo nordisk Re -obtain the title of the most valuable company in Europe.