Despite recession fears, LVMH ($MC.PA) closes FY-2025 with solid fundamentals.
- Revenue just over €80B, up 37% from last year (€58.1B FY-2024).
- Organic growth slightly negative for the year, but reverted to positive in H2.
- Operating margin at 22%.
- Operating free cash flow of €11.3B.
Margin resilience and effective cost control have offset negative forex and softer sales trends in H1. Recent performance in H2 and momentum from flagship brands signal underlying brand strength.
Earnings call scheduled for 06:00 pm CET today.