LVMH Moet Hennessy Louis Vuitton SE (XSWX:MC)
CHF 1000 0 (0%) Market Cap: 275.59 Bil Enterprise Value: 304.31 Bil PE Ratio: 25.81 PB Ratio: 6.41 GF Score: 98/100
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Full Year 2023 LVMH Moet Hennessy Louis Vuitton SE Earnings Call Transcript

Jan 25, 2024 / 05:00PM GMT
Bernard Arnault
Chairman & CEO of LVMH Moët Hennessy Louis Vuitton SE

Good evening. Once again, I'm delighted to be with you today to announce record results in 2023 for the LVMH Group. Indeed, you no doubt seen the press release that has just come out. You've seen the figures. We delivered over EUR 86 billion in revenue, up 9%. We achieved profit from recurring operations of EUR 22.8 billion, up 8% and cash flow from -- free cash flow, slightly negative because we made a number of investments but cash flow from operations is, of course, [up].

Firstly, I need to tell you that the end of the year was rather good. The fourth quarter was -- delivered higher growth than the third. That's good news. We know that there were some uncertainties in the market, but that went well. And yet in 2023, the economic and especially geopolitical context was rather uncertain with the various conflicts throughout the world, with inflation, rising interest rates, I think, seem to be calming a bit. We'll see what the situation is in 2024, but a year marked by those 2 major global difficulties. Organic growth was

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