Revenue declines for LVMH in first half results
Revenue for the Fashion & Leather Goods division fell to €19.1 billion, an 8% decline compared to the €20.8 billion recorded in the same period in 2024.
Organic growth for the segment was down 7%. Profit from recurring operations for the division also dropped by 18%, from €8.1 billion in the first half of 2024 to €6.6 billion in 2025.
In the Watches & Jewellery division, revenue was broadly stable, falling marginally from €5.15 billion in H1 2024 to €5.09 billion in H1 2025.
Organic growth remained flat. However, profit from recurring operations dropped by 13%, from €877 million to €762 million, primarily due to continued investment in store renovations and brand communications.
LVMH’s total group revenue stood at €39.8 billion, down 4% from the first half of 2024, while the group’s overall profit from recurring operations was down 15% to €9 billion.