. Revenue: €86.2 billion
. Profit from recurring operations: €22.8 billion
. Growth higher in the fourth quarter than in the third quarter
. Major economic and social impact in France and around the world

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LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022. All business groups reported strong organic revenue growth, with the exception of Wines & Spirits, which was faced with a high basis of comparison and high inventory levels. 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 €22.8 billion for 2023, up 8%. The current operating margin remained stable with respect to 2022. Group share of net profit amounted to €15.2 billion, up 8%.

Bernard Arnault, Chairman and CEO of LVMH, commented: “Our performance in 2023 illustrates the exceptional appeal of our Maisons and their ability to spark desire, despite a year affected by economic and geopolitical challenges. The Group once again recorded significant growth in revenue and profits. Our growth strategy, based on the complementary nature of our businesses, as well as their geographic diversity, encourages innovation, high-quality design and retail excellence, and adds a cultural and historical dimension thanks to the heritage of our Maisons. This was reflected in Louis Vuitton and Christian Dior’s spectacular fashion shows, Tiffany’s reopening of “The Landmark” in New York and the ever-growing popularity of Sephora’s store concept worldwide. 2023 also saw us make progress in several key areas that are essential components of our long-term vision: protecting the environment, developing our talent, and preserving and passing on our expertise. While remaining vigilant in the current context, we enter 2024 with confidence, backed by our highly desirable brands and our agile teams. It promises to be an inspiring, exceptional year for us all, featuring our partnership with the Paris 2024 Olympic and Paralympic Games, whose core values of passion, inclusion and surpassing oneself are shared by our Group. For LVMH, it provides a new opportunity to reinforce our global leadership position in luxury goods and promote France’s reputation for excellence around the world.”

Highlights of 2023 include:

Another record year despite a disrupted environment

Strong organic revenue growth across all business groups except Wines & Spirits, and market share gains worldwide.
Double-digit organic revenue growth in Europe, Japan and the rest of Asia.
Negative currency impact in the second half of the year.
Growth in champagne driven by the value strategy and a transitional year for cognac after two years of strong growth.
Remarkable performance by the Fashion & Leather Goods business group, in particular Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs, which gained market share worldwide and achieved record levels of revenue and profits.
Particularly strong momentum in fragrances and makeup across all regions, and ongoing global success of Dior’s Sauvage, once again the world’s best-selling fragrance in 2023.
Robust growth in jewelry and powerful creative momentum for all the Watches & Jewelry Maisons, in particular Tiffany, Bulgari and TAG Heuer.
Exceptional performance by Sephora, which confirmed its position as world leader in beauty retail.
2023 targets met under the LIFE 360 environmental program

New circular services launched at most Group Maisons; research and innovation program focused on new materials; environmental training center (LIFE Academy).
Tangible progress made towards targets for 2026 and 2030: 3.1 million hectares of flora and fauna habitat protected as of year-end 2023 (target: 5 million hectares by 2030); 63% improvement (up 16 points) in the proportion of renewable and low-carbon energy used in the Group’s energy mix; 28% decrease in energy-related CO2 emissions with respect to 2019.
Launch of LIFE 360 Business Partners, a groundbreaking plan to assist suppliers and partners to accelerate the reduction of Scope 3 impacts, particularly in relation to raw materials and transport.
Major economic and social impact in France and around the world

More than 213,000 employees worldwide as of year-end 2023 (including nearly 40,000 employees in France).
France’s largest private-sector recruiter.
Preserving and passing on skills and expertise in more than 280 professions of excellence in design, craftsmanship and customer experience, with over 2,700 apprentices trained by LVMH’s IME (Institut des Métiers d’Excellence) program since its launch in 2014, more than 8,000 employees worldwide hired by LVMH in these professions in 2023, and more than 3,500 positions to be filled in these professions at the Group’s Maisons in France by year-end 2024.
Over €1 billion invested in France every year.
118 production facilities and craft workshops in France, 26 in Italy.
More than €6 billion in corporate tax paid worldwide in 2023, around half of which in France.
Support for over 950 nonprofits and charitable foundations in 2023, with more than 65,000 Group employees taking part in a community involvement partnership.

Financial highlights
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