LVMH Moet Hennessy Louis Vuitton reported that its 2023 Group share of net profit was 15.2 billion euros, up 8% from last year. Profit from recurring operations was 22.8 billion euros, an increase of 8%.
For 2023, revenue was 86.2 billion euros, an organic growth of 13% from previous year. The company said all business groups reported strong organic revenue growth, with the exception of Wines & Spirits, which was faced with a high basis of comparison and high inventory levels. In the fourth quarter, organic revenue growth was 10%.
At the Shareholders' Meeting on April 18, 2024, LVMH will propose a dividend of 13 euros per share.
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