Louis Vuitton interface in San Diego, California.
Kevin Carter Getty Images News | Gety pictures
The largest luxury company in the world LVMH On Tuesday, on Tuesday, I reported better sales than expected in the whole year, in the strongest sign so far a possible transformation in the upscale sector.
The owner of the brands, including Lewis Vuitton, MOëT & Chandon, and Hennessy, have achieved revenue of 84.68 billion euros ($ 88.27 billion) for 2024, compared to 84.38 billion euros by LSEG analysts.
The company said that the entire year is equivalent to organic growth by 1 % against the previous year.
Sales also rose more than expected in the fourth quarter to December, after they decreased for the first time since the epidemic in the previous three months.
“In 2024, in an unconfirmed environment, LVMH showed strong flexibility. This ability to overcome the storm at very troubled times – is already shown on many occasions throughout our group’s history – another testimony of strength and importance,” said Arnolt, Chairman and Chairman LVMH CEO, in a statement.
The French luxury goods giant is seen as a widespread luxury bell, which has faced great pressure over recent years, amid a decrease in China sales and winds that oppose the wider macroeconomic economy.
Luxury stocks were supported earlier this month when Cartier owner Richmont I reported a quarterly quarter -sales number as consumers returned to stores during the ceremonial shopping period. British fashion house barbaric On Friday, I also reported a shallow decline in the expected decline in sales of the third fiscal quarter amid continuous strategic reform.
However, Jefferies analysts said on Monday that LVMH results will provide a “better indication of wider luxury trends”, given the group’s arrival through a wide range of categories including wine, lives, fashion, leather goods, watches, cosmetics, cosmetics and perfumes.
The shares in LVMH are currently about 18 % on an annual basis, after more than 13 % decreased in 2024. Earlier this month, the Danish pharmaceutical giant exceeded Novo Nordsk To restore the title of the most valuable Europe company.
