Loewe reports a profit of 127 million euros in 2022, almost double that of 2021, and approves 142 million euros in dividends

Loewe closed the year 2022 with a profit of 127.6 million euros, which represents an increase of 87% compared to the previous year. The brand doubled its operating profit, reaching 170 million euros. Along with these successes, Loewe has approved the distribution of 142 million euros in dividends.

The company notably increased its revenue by 37%, reaching approximately 626.2 million euros, along with a gross result of 161.6 million euros, which represents an increase of 92% compared to 2021, according to registry records. commercial, obtained by Infoempresa and shared with Europe. Press.

Regarding expenses, the company allocated 266.9 million euros to provisions (an increase of 32%), 29.2 million euros to personnel expenses (an increase of 29%) and 238.5 million euros (an increase of 32%) an increase of 20.9%) to other operating expenses.

In addition, the fashion house of the French holding company LVMH approved during its general meeting on June 3 that 2022 profits be distributed entirely in the form of dividends.

In addition, at the same meeting, a complementary dividend of 15.5 million euros was approved, which will be financed with freely available reserves, which will mean a total payment of 142 million euros.