$LVMH Moet Hennessy Louis Vuitton(LVMHF.US)$ On January 26, LVMH, the world's largest luxury group, announced its fourth quarter and full-year financial data for the year to the end of December 2022. Year-on-year sales grew 23% year-on-year to €71.8 billion, hitting a new all-time high. Operating profit also grew 23% to €210.55 billion, net profit grew 17% to €141 billion, operating Free cash flow exceeds EUR 100 billion.
The growth in results was mainly driven by recompense spending by consumers in Europe, the US and Japan since the beginning of the year, with the European market performing the best, as the dollar strengthened and US tourists flocked to Europe and Japan. Revenues in the European, US and Japanese markets rose sharply, growing by 35%, 15% and 31%, respectively. Asian markets excluding Japan improved 8% compared to the previous quarter and recorded an increase of 6%. Although the situation in China improved compared to the second quarter, store traffic did not return to normal.
By business line, sales revenue for all LVMH Group businesses increased significantly in fiscal 2022 and increased global market share.
1. The fashion and leather goods business performed well, growing 25% to €386.48 billion: Louis Vuitton, Dior, Celine, Fendi's revenue and profits all reached record levels. In which Louis Vuitton's revenues exceeded €200 billion for the first time, contributing a quarter of the group's revenues,...

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