LVMH (MC FP) Q4 2025 (EUR): Revenue 22.7bln (exp. 22.6bln), Organic growth +1% (exp. -0.3%); FY revenue 80.81bln (exp. 80.65bln), Profit from recurring operations 17.76bln (exp. 17.15bln), Net profit 10.88bln (exp. 10.55bln)

• Q4 fashion & leather organic sales -3% (exp. -2.94%)
• Q4 wines & spirits revenue -9% (exp. -1.1%).
• Q4 sales -2% in Europe, +1% in US, and +1% in Asia
• Will propose dividend of EUR 13 (exp. EUR 12.04).

LVMH's Q4 2025 results show a significant revenue beat against expectations, driven largely by better-than-anticipated profit figures. However, organic growth for key segments like fashion and leather was disappointing, which may signal challenges ahead in these competitive markets. The proposed dividend increase adds a positive note, but markets will likely scrutinize the regional sales weaknesses, especially in Europe.