Blog: You, us, everyone

LVMH’s broad product and geographic mix make it the investment vehicle of choice for Investors looking for diversified exposure to the global high-end luxury goods sector. LVMH is the unique provider of such.

• Increasing brand recognition for the group’s flagship Louis Vuitton and Dior brand continue to drive above-market sales growth. This in turn is leading to an above margin potential as the latter catches up in terms of profitability as well as the integration/relaunch of Tiffany & Co.
• LVMH generated Q1-22 revenues of €18bn, up +29% (+23% in organic). LVMH has thus made a good start to the year in an environment still marked by the health crisis and more recently by the Russian-Ukrainian conflict.
• All segments reported double-digit growth, except for Wines & Spirits, which is still affected by supply constraints. COVID is arguably the bigger risk factor for the luxury companies given developments in China, the main risk is that the localized lockdowns turn into bigger national-scale ones and given the authorities' unwillingness to budge on their stance, this risk cannot be ruled out.