LVMH has announced its first half results showing revenue at €36.7 billion, an increase of 28% as compared to the previous year.
Profit from recurring operations was up 34% at €10,235 million, compared to €7,621 million in the previous year.
Group share of net profit increased 23% at €6,532 million, compared to €5,300 in the previous year.
Revenue reported for the second quarter 2022 was €18,726 million.
Perfumes & Cosmetics
For the second quarter, the perfumes and cosmetics category reported revenue was €1,714 million.
Revenue for the first half of 2022 was €3,618 million, compared to €3,025 million in the previous year.
Profit from recurring operations was €388 million, compared to €393 million in the previous year.
Parfums Christian Dior performed remarkably well, strengthening its leadership in all its key markets. Sauvage performed as the world’s leading perfume and the iconic women’s fragrances J’adore and Miss Dior saw continued success.
Makeup also contributed to the company's good results. Guerlain continued to grow, driven notably by the vitality of its Abeille Royale skin care, its Aqua Allegoria collection and its Parfumerie l’Art et la Matière.
Parfums Givenchy benefited from the success of its L’Interdit perfume.
Bernard Arnault, chairman and CEO of LVMH, said, "LVMH has enjoyed an excellent start to the year, to which all of our business groups contributed. It is the creativity and quality of our products, the excellence of their distribution and the rich cultural heritage of our Maisons, fueled by their history and know-how, that enable the Group to excel around the world. We approach the second half of the year with confidence, but given the current geopolitical and health situation, we will remain vigilant and count on the agility and talent of our teams to further strengthen our global leadership position in luxury goods in 2022."
