LVMH drops over 5% as net profit slumps - Breaking The News

LVMH drops over 5% as net profit slumps

29 January

1 min read

EPA/MAURITZ ANTIN

Shares of French luxury goods company LVMH Moet Hennessy Louis Vuitton plummeted by over 5% on Wednesday after the company released disappointing full-year financial results.

Namely, LVMH revealed that its net profit in fiscal 2024 sank by 17% to stand at €12.6 billion. Additionally, its revenue landed at €84.7 billion, declining by 2% compared to the year before.

LVMH's stock plunged 5.61% at 9:36 am CET to sell for €708.50 apiece.

lvmh

Related Stocks

LVMH

LVMH warns of slowdown after strong start to 2025

17 April

LVMH Chief Executive Bernard Arnault said Thursday that while the luxury group had a strong start to 2025, conditions worsened from March due to economic turbulence tied to global tariffs.During his speech at LVMH's annual shareholders meeting in Paris, Arnault noted that the company will now concentrate on expanding its ultra-luxury offerings. He warned that inflation and interest rate hikes are weighing on spending by less affluent, aspirational...

LVMH sinks 8% on earnings miss

15 April

Stock prices of French luxury powerhouse Moet Hennessy Louis Vuitton (LVMH) dropped 8% on Tuesday after the luxury industry leader reported an unexpected decrease in sales for the first quarter.In its earnings report released Monday after market closure, the company disclosed a 2% decrease in first-quarter sales compared to last year, falling short of analysts' projections for modest growth. The steepest revenue decline occurred in wines and...

LVMH revenue down 2% to €20.3 billion in Q1

14 April

French luxury goods company LVMH Moet Hennessy Louis Vuitton revealed on Monday that its revenue in the first quarter amounted to €20.3 billion, declining by 2% compared to the same period a year before.Most profit came from fashion and leather goods, which earned LVMH €10.1 billion. The sharpest annual decline of 9% was seen in wines and spirits. Among markets, Europe was the only region that observed growth, with an increase of...

LVMH revenue down 2% to €84.7 billion in 2024

28 January

French luxury goods company LVMH Moet Hennessy Louis Vuitton revealed on Tuesday that it recorded €84.7 billion in revenue for the entire fiscal 2024, marking a 2% slump in comparison to the previous year.Profit from recurring operations went down by 14% to €19.6 billion, while the group share of net profit decreased by 17% to €12.6 billion for the entire year. In the closing quarter, the company behind great fashion brands including Louis Vitton, Dior,...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.