LVMH, the luxury goods conglomerate, exceeded sales forecasts in its recent quarter, driven by a strong US economy and resilience in Europe. This positive performance follows a challenging year for the industry, marked by a slowdown in luxury sales and a downturn in the Chinese market. LVMH's sales increased 1% organically to €23.9 billion in the fourth quarter, surpassing analyst expectations. Full-year revenues also came in above expectations, growing 1% year on year to €84.7 billion.
defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe , raising optimism that the worst of the downturn in the luxury goods market has passed.
brands in January. Full-year revenues for 2024 came in above expectations to grow 1 per cent year on year on an organic basis to €84.7bn, compared with Visible Alpha consensus expectations that they would be flat. However, full-year operating income fell for the first time since 2020 — down 14 per cent year on year on an organic basis to €19.6bn — as slower growth, increased costs and minimal price rises on products put some pressure on margins.
’s sales in the Asia Pacific region outside Japan were down 10 per cent in the fourth quarter and 11 per cent for the full year. Analysts at HSBC wrote that they “remain convinced, for the sector as well as for
LVMH Luxury Goods Sales Growth US Economy Europe
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