LVMH Reports Decline in H1 Revenue and Profit

LVMH Moet Hennessy Louis Vuitton SE has announced a 4% annual decline in its first-half revenue for the fiscal year 2025, totaling €39.8 billion. The luxury conglomerate also reported a 15% decrease in profit from recurring operations, amounting to €9 billion, and a significant 22% drop in net profit to €5.7 billion.

Sector Performance Highlights

Among its diverse portfolio, only the selective retailing sector showed growth, with a modest 2% increase. In contrast, the wines and spirits sector, along with fashion and leather goods, experienced a 7% decline.

Q2 Performance and CEO's Outlook

The second quarter saw a similar trend, with total revenue falling by 4% year-on-year to €19.5 billion. Selective retailing bucked the trend with a 4% increase, while wines and spirits suffered a 9% plunge.

Bernard Arnault, CEO of LVMH, commented on the results, stating, "LVMH showed solidity in the current context. Beyond the prevailing uncertainties, we remain focused thanks to the long-term vision that has always guided our family group."