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1/28/2025
Operator
Conference Moderator
Good evening, everyone. It is a pleasure for me to be here with you tonight.
Bernard Arnault
Chairman and Chief Executive Officer of LVMH
We started by mentioning Formula One because we just signed a contract for Formula One for 10 years, starting this year. And I believe it is going quite impactful for the three relevant brands. Today, I'm not going to report record revenue, but it was nonetheless a robust year, and I am rather confident for the year to come. Indeed, in 2024, we managed to report a little bit of organic growth of our revenue. Despite what some of you, because there are a lot of analysts here, despite what quite a few of you expected, however, the operating income is going down. But let's look at the context. There is 1 billion coming from outstanding items. Besides, 2025 is starting well, and I will tell you all about it in a moment. a robust year despite a challenging global environment, weaknesses in Asia except Japan that reported strong growth thanks to its currency, the United States uncertainty because of election year, Europe is faring quite well, but all in all, the context was a little bit more challenging.
Operator
Conference Moderator
Our business groups fared well, especially fashion and leather goods.
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