Most of our employees in France benefit from profit-sharing, with an overall total for the group of 400 million euros in 2022.The salaries of the group’s employees are among the most competitive in their sector of activity.On average over recent years, the total fiscal footprint (corporation tax + VAT + social charges) of LVMH in France is more than 4.5 billion euros per year.More than one billion euros invested in France each year.Five billion in corporation taxes paid worldwide, almost half of which in France.LVMH opens several manufacturing facilities each year in France, notably for Louis Vuitton.More than 500 stores and 110 manufacturing facilities and workshops located across France.That is equivalent to around 160,000 people working indirectly for the Group. In France, one job created directly by LVMH generates four for the French economy.In 2022, LVMH invested nearly 215 million euros in training its employees.In France, LVMH recruited more than 15,000 people in 2022, which makes the Group the leading private recruiter in the country.39,000 young people recruited worldwide in 2022.LVMH, a strong social economic footprint in France and around the world: Operating free cash flow of more than €10 billion.Operating investments of nearly €5 billion, mainly dedicated to the expansion of the store network, the development of production facilities and employment,.A remarkable rebound for Sephora, which confirmed its place as world leader in the distribution of beauty products,.Sustained creative momentum for all our Watches & Jewelry Maisons, in particular Tiffany, Bulgari and TAG Heuer,.The continued global success of Dior’s Sauvage, once again world leader in 2022, Louis Vuitton revenue surpassed 20 billion euros, for the first time,.A remarkable performance by the Fashion & Leather Goods business group, notably Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs, which are gaining market share globally and reaching record levels of revenue and earnings,.Good growth in Champagne and Cognac, based on a value creation strategy,.Strong growth in business in Europe, Japan and the United States,.Significant revenue growth for all business groups and market share gains worldwide,.A record year despite the geopolitical and economic situation,.We count on the desirability of our Maisons and the agility of our teams to further strengthen our lead in the global luxury market and support France’s prestige throughout the world.” We approach 2023 with confidence but remain vigilant due to current uncertainties. This was showcased during our hugely successful LVMH Journées Particulières, when we opened our doors to all in fifteen countries in 2022 and saw a record number of visitors come to learn about the know-how of our artisans. Our growth strategy, based on the complementary nature of our activities, as well as their geographic diversity, encourages innovation and the quality of our creations, the excellence of their distribution, and adds a cultural and historical dimension thanks to the heritage of our Maisons. The Group once again recorded significant growth in revenue and earnings. Asia was stable over the year due to developments in the health situation in China.īernard Arnault, Chairman and CEO of LVMH, said: “Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges. Operating free cash flow surpassed €10 billion.Įurope, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Group share of net profit was €14.1 billion, up 17% compared to 2021. Operating margin remained at the same level as 2021. Profit from recurring operations stood at €21.1 billion for 2022, up 23%. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €79.2 billion in 2022 and profit from recurring operations of €21.1 billion, both up 23%.Īll business groups achieved significant organic revenue growth over the year (see table on page 3). A strong social and economic footprint in France Profit from recurring operations 21 billion euros
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