Key figures by business and region, income statement - LVMH group (2024)

FAQs

Key figures by business and region, income statement - LVMH group? ›

It is the only group present in all five major sectors of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. LVMH currently employs over 213,000 people across the world and reported sales of 86.2 billion euros in 2023.

It is the only group present in all five major sectors of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. LVMH currently employs over 213,000 people across the world and reported sales of 86.2 billion euros in 2023.

LVMH is now a luxury goods empire with a market capitalisation of over 53 billion euros, annual sales of over 20 billion euros, a net profit of over 3 billion euros and 71,000 employees worldwide, and this is of course only in economic terms.

Financial indicators

LVMH, the world's leading luxury products group, gathers 75 prestigious brands, with 86.2 billion euros revenue in 2023 and a retail network of over 6,000 stores worldwide.

LVMH has an agile and decentralized organization that encourages efficiency and responsiveness. It stimulates individual initiative by entrusting each person with significant responsibilities. Our entrepreneurial spirit encourages both risk- taking and perseverance.

Vertical Integration: LVMH adopts a vertical integration strategy, meaning that it controls multiple stages of the value chain, from design and production to distribution and retail. This level of control ensures quality, exclusivity, and consistency across their products.

LVMH competitors include CHANEL, Calvin Klein, Richemont, BCBG and Burberry. LVMH ranks 1st in CEO Score on Comparably vs its competitors. See below how LVMH compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.

The highest-paying job at LVMH is an Estate Director with a salary of ₹50,17,300 per year (estimate). What is the lowest salary at LVMH? The lowest-paying job at LVMH is an Account Executive with a salary of ₹7,96,528 per year (estimate).

Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership.

Quality is a pillar of LVMH's success. Each of the Group's 75 Maisons cultivates the highest level of quality in their products and services, not simply to maintain it year after year but also to elevate it as we continually set even higher standards.

Is LVMH in debt? ›

Total debt on the balance sheet as of December 2023 : $42.98 B. According to LVMH's latest financial reports the company's total debt is $42.98 B. A company's total debt is the sum of all current and non-current debts.

"The values of the LVMH Group are excellence, creativity, innovation and an entrepreneurial spirit"

Luxury brands still make a lot of money despite high prices because their products offer exclusivity, prestige, quality, and a symbol of wealth/status. They cater to consumers who are willing to pay for the experience and emotional connection associated with luxury items.

Louis Vuitton annual gross profit for 2023 was $64.156B, a 12.35% increase from 2022. Louis Vuitton annual gross profit for 2022 was $57.101B, a 10.04% increase from 2021. Louis Vuitton annual gross profit for 2021 was $51.891B, a 57.84% increase from 2020.