LVMH reports Q4 organic revenue growth up 9%

The company said, "All business groups achieved significant organic revenue growth over the year. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. Profit from recurring operations stood at EUR21.1 billion for 2022, up 23%. Operating margin remained at the same level as 2021. Group share of net profit was EUR14.1 billion, up 17% compared to 2021. Operating free cash flow surpassed EUR10 billion. Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Asia was stable over the year due to developments in the health situation in China."