(Finance) – The luxury giant LVMH closes the 2024 exercise with revenues For 84.7 billion (+1%) in spite of the “difficult economic and geopolitical context, as well as the high comparison base with the previous years”, underlines the group in a note.
THE’useful for recurring operations For 2024 it was 19.6 billion (-14%) equal to an operating margin of 23.1%, significantly higher than the pre-crisis one, but impacted by the change effect. The share of net profit of the group was 12.6 billion (-17%).
The cash flow Libero was 10.5 billion euros, with an increase of 29%.
Bernard Arnault, president and CEO of Lvmhcommented: “In 2024, in an uncertain context, Lvmh showed a strong resilience. This ability to resist the storm in highly turbulent periods, already demonstrated on many occasions in the history of our group, is a further testimony of the strength and relevance of our strategy. The creativity and the highest quality of our products, our firm commitment to excellence, the agility of our teams and the good geographical balance of our offices are the basis of the success of LVMH and its maison, supported by the dedication of All our people. While remaining a lot of vigilant as regards the management of costs and our unconditional attention on the desability of our design, We enter 2025 with confidence“.
At the shareholders’ meeting of 17 April 2025, LVMH will propose a dividend of 13 euros per share. A deposit of 5.50 euros per share was paid on December 4, 2024. The balance of 7.50 euros per share will be paid on April 28, 2025.