LVMH Moet Hennessy Louis Vuitton announced revenue results for the fourth quarter and earnings results for the year 2013. For the quarter, the company reported revenue of EUR 29,149 million compared to EUR 28,103 million a year ago.

For the year, the company reported net profit of EUR 3.44 billion (USD 4.7 billion) in 2013, up only 0.4% from EUR 3.42 billion in 2012. Sales growth slipped to 4% last year from 19% a year earlier, with the watches and jewelry and fashion and leather goods divisions posting lower year-on-year sales. Profit from recurring operations was EUR 5,921 million compared to EUR 6,021 million a year ago. Free cash flow was EUR 2,474 million compared to EUR 2,958 million a year ago.

At the Annual Shareholders, Meeting on April 10, 2014, the company will propose a dividend of EUR 3.10 per share, an increase of 7%. An interim dividend of EUR 1.20 per share was paid on December 3 of last year. The balance of EUR 1.90 per share will be paid on April 17, 2014.