LVMH reports 1H revenue EUR 42.2B, up 17% vs. last year

Reports 1H profit from recurring operations of EUR 11.6B, up 13% vs. last year, with an operating margin of 27.4%. Reports 1H operating cash flow EUR 1.8B, operating investments EUR 3.6B. Organic revenue growth was 17% compared to the same period in 2022. All business groups achieved double-digit organic revenue growth over the half year, except for Wines & Spirits, which faced a particularly high basis of comparison, the company said in a statement. In the second quarter, organic revenue growth was 17%, in line with trends seen in the first quarter. Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved outstanding results during a six-month period of ongoing economic and geopolitical uncertainty.”