LVMH achieves sales growth of 23% to €79.2 billion in 2022.

Fashion and Leather Goods achieved organic growth of 20%. Perfumes and Cosmetics will post sales growth of 17% in 2022 (10% organic). Watches and Jewelry posted sales growth of 18% (12% organic). The Wines and Spirits business posted sales growth of 19% (11% organic).

Profit from recurring operations was up 23% to 21.1 billion euros. Operating margin before non-recurring items remained at the 2021 level.

Net income, Group share stands at 14.1 billion euros, up 17% on 2021. Free operating cash flow exceeds 10 billion euros.

' Europe, the United States and Japan are up sharply, benefiting from strong demand from local customers and a recovery in international travel. Asia was stable over the year, due to developments in the health situation in China," says the group.

' With January off to a good start and despite an uncertain geopolitical and economic context, LVMH is confident that the growth seen in 2022 will continue '.

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