France's LVMH reports $88.3 bn revenue in 2024, up 1% organically

The net profit attributable to the group declined by 17 per cent to €12,550 million, and profit from recurring operations witnessed a decrease of 14 per cent YoY to €19.6 billion (~$20,410.6 million) in 2024, LVMH said in a press release.

Despite these reductions, operating free cash flow increased significantly by 29 per cent, rising to €10,478 million (~$10,924 million). Net financial debt was reduced by 14 per cent to €9,228 million in 2024, indicating a stronger financial position. Meanwhile, equity improved by 11 per cent reaching €69,287 million.

Fashion & Leather Goods segment remained the highest revenue contributor at €41,060 million (~$42,835 million), followed by selective retailing at €18,262 million.

Across the year, quarterly performance showed steady revenue contributions, with the fourth quarter recording the highest revenue at €23,930 million, followed by €20,983 million in the second quarter. The first half of the year saw a total revenue of €41,677 million, while the first nine months reached €60,753 million.

The group in 2024 allocated €5.5 billion towards operating investments, primarily focused on expanding its store network and enhancing production facilities. Of this total, €1.7 billion was invested in France.

Fibre2Fashion News Desk (SG)