Bernard Arnault, Chairman and CEO of LVMH, commented: “LVMH achieved another record year. The excellent performance, to which all our businesses contributed, is due in part to the buoyant environment but above all to the remarkable creative strength of our brands and their ability to constantly reinvent themselves. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment that remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2018, our leadership in the universe of high quality products.”

LVMH recorded revenue of 42.6 billion euros in 2017, an increase of 13% over the previous year. Organic revenue growth was 12%. All business groups recorded double-digit organic growth with the exception of Wines and Spirits, whose growth in the second half was limited by supply constraints. 

The Fashion and Leather Goods business group achieved organic revenue growth of 13% in 2017 (totaling 15 472 million euros). On a reported basis, revenue growth was up 21% and profit from recurring operations increased by 27%.

Profit from recurring operations reached 8 293 million euros in 2017, resulting in an increase of 18%. Operating margin reached 19.5%. Group share of net profit was 5 129 million euros, representing growth of 29%.