LVMH Moët Hennessy Louis Vuitton SE, the world's leading high-quality products group, announced its financial results for the first half of 2025, reporting a revenue of €39.8 billion, a 4% decrease from the €41.7 billion recorded in the same period in 2024. Profit from recurring operations also saw a decline, totaling €9 billion compared to €10.7 billion in the previous year, reflecting a 15% decrease. The Group's net profit for the first half of 2025 amounted to €5.7 billion. Bernard Arnault, Chairman and CEO of LVMH, noted the company's resilience and commitment to innovation despite the challenging geopolitical and economic environment. In terms of business segments, the Wines & Spirits division experienced an 8% decline in revenue to €2.6 billion, and a 33% decrease in profit from recurring operations to €524 million, attributed to improved champagne trends but weak cognac demand. Fashion & Leather Goods reported a revenue decline of 8% to €19.1 billion and an 18% drop in profit from recurring operations to €6.6 billion. Other segments such as Perfumes & Cosmetics, and Watches & Jewelry, also experienced slight declines, while Selective Retailing saw a marginal revenue increase of 2% to €8.6 billion and a 12% rise in profit from recurring operations to €876 million. LVMH highlighted solid local demand in Europe and stable performance in the United States, while Japan saw a decline due to the previous year's abnormal growth linked to a weaker yen. The rest of Asia showed trends similar to 2024, with an improvement in sales to local customers in the second quarter. Looking ahead, LVMH remains focused on maintaining its long-term vision, driven by its pursuit of quality and innovation across its iconic brands.