LVMH Sets Record Breaking Year for 2nd Year in a Row

LVMH has achieved another record year in 2022 for the second consecutive year with sales up 23% to 79 billion euros and current operating profit showing similar growth, to €21 billion, keeping in line with analysts’ projections for the luxury brand. With a valuation that recently exceeded 400 billion euros, the company gained in all sectors in its portfolio last year with particularly strong growth in the US (+15%), in Europe (+35%) and in Japan (+31%). (Image source: HLN)