Companies

LVMH posts decline in first half revenue and profit

Jul 28, 2025 France

In line with its results in the first quarter of the year, the France-based luxury conglomerate ended the first half with a 4% year-on-year decline in revenue and a 22% decline in net profit

In the first half of the 2025 financial year, LVMH’s revenue amounted to 39.8 billion euros, reflecting a 4% decrease on a comparable basis to the same period of last financial year.

Geographically, the luxury group experienced growth in Europe on a constant consolidation and currency basis, while demand in the US “remained stable”. However, there was a decrease in Japan in the first half, which had been boosted by abnormal growth in tourist spending due to the much weaker yen. The rest of Asia saw comparable trends to those in 2024, although there was an improvement in sales to local customers in the second quarter.

In particular, the Fashion & Leather Goods segment saw its first half revenue decline by 8% on a reported basis and 7% on a constant currency basis, as compared to the same period of 2024, totalling 19.1 billion euros.

LVMH also reported that its first half profit from recurring operations decreased by 9% year-on-year to 9 billion euros, while net profit fell by 22% to 5.7 billion euros.

Bernard Arnault, Chairman and CEO of LVMH, sought to reassure the market. In the results statement, he argued that the group had shown “solidity in the current context” thanks to the power of its “iconic brands and their boundless capacity for innovation while remaining true” to their artisanal craftsmanship culture.

“We head into the second half of the year with great vigilance, and I am confident in LVMH’s tremendous long-term potential and the commitment of our teams to further reinforce the Group’s leadership position in luxury goods”, he concluded.

Image Credits: pt.runwaymagazines.com

France Companies Luxury LVMH Quarter Results Results