$LVMH Moet Hennessy Louis Vuitton (LVMHF.US)$ On January 26, the world's largest luxury goods group LVMH announced its fourth quarter and fiscal year 2022 financial data ending in December. The annual sales increased by 23% to 79.18 billion euros, reaching a historic high. The operating profit also increased by 23% to 21.055 billion euros, and the net profit increased by 17% to 14.1 billion euros. The operating free cash flow exceeded 10 billion euros.
The growth in performance is mainly benefited from retaliatory consumption by consumers in Europe, the United States, and Japan since the beginning of the year, with the best performance in the European market. Due to the strong US dollar, American tourists have flocked to Europe and Japan for travel and shopping. The revenues of the European, American, and Japanese markets have increased significantly, with growth rates of 35%, 15%, and 31% respectively. The Asian market, except for Japan, has improved from an 8% decline in the previous quarter by recording a 6% increase, although the situation in China has improved compared to the second quarter, store traffic has not yet recovered to normal.
From a business line perspective, in the 2022 fiscal year, LVMH Group achieved significant growth in sales revenue for all business lines, increasing its global market share.
1. The fashion and leather goods business performed well, with a growth of 25% to 38.648 billion euros: Louis Vuitton, Dior, Celine, and Fendi all achieved record-breaking revenues and profits. Among them, Louis Vuitton's revenue exceeded 20 billion euros for the first time, contributing a quarter of the group's revenue,...

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