LVMH: Good start to the year

13 April 2022, Mumbai:

LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of 18 billion euros in the first quarter of 2022, up 29% compared to the same period in 2021.

Organic revenue growth was 23%.

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LVMH had a good start to the year against a backdrop of continued disruption from the health crisis and was marked by the dramatic events in Ukraine.

All business groups achieved double-digit revenue growth, except for Wines & Spirits, which continued to see supply constraints.

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The United States and Europe also achieved double-digit revenue growth; Asia continued to grow over the quarter despite the impact of a tightening of health restrictions in China in March.

The LVMH Group is closely monitoring developments in Ukraine and the region.

Its first priority was to ensure the safety of its employees in Ukraine and to provide them with all the necessary financial and operational assistance.

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