LVMH Q1 2022 Results

Apr 18th, 2022

Jacquelyn Mueller, associate editor, Global Cosmetic Industry

Q1 2022 revenue was 18 billion euros, an increase of 29% as compared to the previous year.

Q1 2022 revenue was 18 billion euros, an increase of 29% as compared to the previous year.

LVMH has announced that first-quarter 2022 revenue totaled 18 billion euros, an increase of 29% compared to the previous year.

Perfumes & Cosmetics

The perfumes and cosmetics category reported Q1 2022 revenue of 1,905 million euros, compared to 1,550 million euros in the previous year.

Organic revenue growth was 17% in the first quarter of 2022, compared to the same period of 2021.

Christian Dior achieved strong growth and gained market share, benefiting from the progress of its fragrances Sauvage, Miss Dior and J’Adore, and its makeup.

Guerlain successfully rolled out its Aqua Allegoria line and its new collection of fine perfumery l’Art et la Matière. Its Abeille Royale skin care line also contributed to the performance of the Maison.

Parfums Givenchy unveiled its new eau de toilette Fraîche Irresistible. Maison Francis Kurkdjian continued to see rapid growth.

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Mike has been working for more than 20 years in the cosmetic ingredients industry and offers a wealth of experience and expertise to Mibelle Biochemistry to further develop the U.S. market, per the company.

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“We are excited to welcome Emily back to lead our legal team and guide our industry’s legal and regulatory strategies,” said Tom Myers, PCPC’s president and CEO. “Her diverse and extensive expertise will be instrumental in navigating our industry’s complex legal and regulatory landscape, enhancing our support to member companies.”

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