THE WHAT? LVMH Moët Hennessy Louis Vuitton reported a 15% revenue increase in the first half of 2023, amounting to €42.2 billion. The company witnessed % organic growth of 17% compared to the first half of 2022, with all sectors recording double-digit growth.
THE DETAILS? The first half of 2023 saw a 17% organic revenue growth in the second quarter, matching the first quarter’s trend. Profit from recurring operations was €11.574 million, a 13% increase from the previous year. The operating margin constituted 27.4% of revenue, and the group share of net profit rose 30% to €8.481 million. The Perfumes & Cosmetics division achieved a 13% organic revenue growth, primarily due to innovation and a highly selective distribution policy.
THE WHY? Bernard Arnault, the CEO, stated that LVMH achieved remarkable results in a period of economic and geopolitical instability. The company maintained strong creative momentum and excellent product distribution. Despite current challenges, LVMH announced its water sobriety plan to reduce water consumption by 30% by 2030. With the brand’s desirability intact, Arnault expressed confidence for the second half of the year and an intention to maintain the company’s global luxury goods leadership in 2023.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
