Financial Data and Key Metrics - Revenue for the first nine months of 2024 reached EUR60.8 billion, stable on an organic basis but down 2% on a reported basis due to a negative 2% currency impact and a negative 1% scope impact [4] - Wines and Spirits revenue decreased by 8% on an organic basis and 11% on a reported basis, with Champagne and Wines down 6% organically and Cognac and Spirits down 11% organically [7] - Fashion and Leather Goods revenue decreased by 1% on an organic basis and 3% on a reported basis [10] - Perfumes and Cosmetics revenue increased by 5% on an organic basis and 2% on a reported basis [14] - Watches and Jewelry revenue decreased by 3% on an organic basis and 5% on a reported basis [16] - Selective Retailing revenue increased by 6% on an organic basis and 1% on a reported basis [20] Business Line Performance - Wines and Spirits saw modest improvement in Champagne and Wines, with growth in Japan offsetting softness in Europe and the US [8] - Fashion and Leather Goods saw strong innovation from Louis Vuitton and Christian Dior, with new product launches and high-profile collaborations [10][11][12] - Perfumes and Cosmetics benefited from strong performance in fragrances, particularly from Parfums Christian Dior and Guerlain [14][15] - Watches and Jewelry saw resilience, with Tiffany expanding its product range and Bulgari celebrating its 140th anniversary [17][18] - Selective Retailing saw strong performance from Sephora, with market share gains in North America, Europe, and the Middle East [20] Market Performance - Europe and the US saw a 1-point increase in revenue mix, while Japan increased by 2 points and Asia fell by 3 points [4] - Chinese client purchases outside mainland China had a positive impact on Japan but a negative impact on the rest of Asia [5] - Demand from Chinese clientele remained dynamic in the first half but faced macroeconomic headwinds, while Western clientele showed gradual improvement [3][4] Strategic Direction and Industry Competition - The company emphasized product innovation as a key growth driver, leveraging its talent pool to translate creativity into commercial success [23] - Investments in distribution networks and communication were highlighted as important, with no need for acceleration in spending [23] - The company remains confident in the enduring appetite of Chinese consumers for luxury goods, expecting demand to recover when confidence improves [22][23] Management Commentary on Operating Environment and Future Outlook - Consumer confidence in mainland China is at an all-time low, similar to levels seen during COVID, impacting discretionary spending [22] - The company expects demand to recover in China when confidence improves, given the strong demand seen in the first half of the year [23] - The company is adjusting costs in response to the current environment but remains committed to long-term investments in innovation and distribution [23][24] Other Important Information - The company announced a strategic investment in French Bloom, a non-alcoholic sparkling wine producer [9] - Louis Vuitton was a key partner for the Paris 2024 Olympic and Paralympic Games and returned as the title partner of the Louis Vuitton 37th America's Cup [10] - The company launched SirDavis Whiskey in partnership with Beyoncé Knowles-Carter, which has already won several prestigious awards [9] Q&A Session Summary Question: Impact of Chinese stimulus on consumer demand - The company noted that Chinese authorities are taking measures to address consumption issues, but the impact of these measures remains uncertain [31][32] Question: Management changes and their implications - The company highlighted the retirement of Chris de Lapuente and expressed confidence in the continuity of its management strategy [32] Question: Strategy changes to address aspirational consumer loss - The company emphasized that the current slowdown is demand-driven rather than offer-driven and will continue to innovate without drastically changing its product range [34][35] Question: Performance of Watches and Jewelry in China - Watches and Jewelry saw a similar trend to Fashion and Leather Goods in China, with no further deterioration in Q3 [37][51] Question: Impact of anti-dumping deposits on Hennessy in China - The company noted that China accounts for less than 20% of Hennessy's business and that the impact of the anti-dumping deposit will depend on various factors, including competition response [42] Question: Trends in onshore vs offshore Chinese spending - Offshore spending by Chinese consumers has increased, with Japan being a key destination, while onshore spending has weakened [48] Question: Outlook for US demand - The company noted slight improvements in the US market, particularly in Cognac and Tiffany, but remained cautious about the overall outlook [69] Question: Retail plans for key Maisons - The company plans to continue renovating Tiffany stores, with 25% already renovated, and expects double-digit growth in these stores [49][78] Question: Impact of Champagne harvest on profitability - The Champagne harvest yield was significantly lower than last year, leading to an expected negative impact of EUR40-50 million on profitability [80] Question: A&P spending and working capital management - The company noted that A&P spending is easier to adjust and that working capital management will be challenging due to excess inventories [83][84] Question: Investment in Moncler - The company described its investment in Moncler as a long-term, limited investment alongside Remo Ruffini, with no plans for further acquisitions [85]

LVMH Moët Hennessy is releasing a new whisky brand with Beyoncé. You might think that owning a fancy watch or expensive clothing is the best way to add a little luxury to your life. I'd argue that purchases like that aren't worth it, though. Fashion trends change quickly, and at the end of the day, all watches tell the same time. Instead, you might want to consider investing in luxury brands as opposed to wearing them. One of the best examples I can think of in the luxury space is LVMH Moët Hennessy (LVMUY ...

Rodolphe Ozun - Director of Financial Communications Jean-Jacques Guiony Rodolphe Ozun Turning to Fashion & Leather Goods on Slide 10 revenue reached €20.8 billion for the first half of 2024, up 1% on an organic basis and down 2% on a reported basis after taking into account a negative 3% currency impact. Profit from operations reached €8.1 billion, down 6% year-on-year. The main drivers of this decline are continued investments in distribution, which were partially offset by communication expenses and more ...

2024 First-Half Results Selective Retailing – Organic revenue up 8%, profit from recurring operations up 7% Selective Retailing – Change in revenue and profit from recurring operations (in millions of euros) +8% organic Profit from recurring operations Balanced geographic revenue mix €41.7bn REVENUE FRANCE 8% UNITED STATES vs. 8% in H1 2023 25% vs. 24% in H1 2023 JAPAN 9% vs. 7% in H1 2023 EUROPE (excl. France) OTHER MARKETS ASIA (exch) 16% 12% 30% vs. 12% in H1 2023 vs. 15% in H1 2023 vs. 34% in H1 2023 Qu ...

..... LVMH Q1 2024 revenue April 16, 2024 This document may contain certain forward looking statements which are based on estimations and forecasts. By their nature, these forward looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in LVMH's Universal Registration Document which is available on the website (www.lvmh.com), These forward looking statements should not be considered as a guarantee of future perfo ...

LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) Q4 2023 Earnings Conference Call January 25, 2024 12:00 PM ET Company Participants Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO Conference Call Participants Antoine Belge - BNP Paribas Exane Edouard Aubin - Morgan Stanley Louise Singlehurst - Goldman Sachs Luca Solca - Sanford Bernstein Bernard Arnault Good evening. Once again, I'm delighted to be with you today to announce record results in 2023 for the LVMH Group. Indeed, you no doubt se ...

PARIS, FRANCE - MARCH 06: Veronika Heilbrunner is seen wearing a grey coat, white blouse, blue jeans ... [+] pants, brown Timberland boots and white sunglasses and a mini Louis Vuitton monogram handbag outside the Louis Vuitton Show during Paris Fashion Week on March 06, 2023 in Paris, France. (Photo by Jeremy Moeller/Getty Images)Getty ImagesTimberland boots have often appeared at Louis Vuitton outings, but now the two brands have made it official. Louis Vuitton has collaborated with VF Corporation’s Timbe ...

LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) Q3 2023 Earnings Conference Call October 10, 2023 9:30 PM ET Company Participants Rodolphe Ozun - Director, Financial Communications Jean-Jacques Guiony - CFO Conference Call Participants Edouard Aubin - Morgan Stanley Louise Singlehurst - Goldman Sachs Group Thomas Chauvet - Citigroup Luca Solca - Bernstein Antoine Belge - BNP Paribas Exane Rogerio Fujimori - Stifel, Nicolaus & Company Charles-Louis Scotti - Kepler Cheuvreux Piral Dadhania - RBC Capital Mar ...

Financial Data and Key Metrics Changes - Organic revenue increased by 17% in the first half of 2023, with profit from recurring operations up 13% and an operating margin of 27.4% [4][34] - Reported revenue rose by 15% to €42.2 billion, with a gross margin remaining at an all-time high of 69% [34][40] - Free cash flow amounted to €1.8 billion after €3.6 billion in operating investments, with a gearing ratio of 21% [4][48] Business Line Data and Key Metrics Changes - **Wines & Spirits**: Reported revenue decreased by 3% to €3.2 billion, with profit from recurring operations down 9% to €1.1 billion [5][34] - **Fashion & Leather Goods**: Organic revenue increased by 20% to €21.2 billion, with profit from recurring operations rising 14% to €8.6 billion [10][34] - **Perfumes & Cosmetics**: Organic revenue grew by 13% to €4 billion, with profit from recurring operations up 15% to €446 million [17][34] - **Watches & Jewelry**: Organic revenue increased by 13% to €5.4 billion, with profit from recurring operations rising 10% to €1.1 billion [23][34] - **Selective Retailing**: Organic revenue surged by 26% to €8.4 billion, with profit from recurring operations doubling to €734 million [28][34] Market Data and Key Metrics Changes - Asia's contribution to revenue increased by 2 percentage points, while the U.S. declined by 3 percentage points to 24% of sales [35] - U.S. organic growth was 3% in the first half, with a notable 8% in Q1 and a decline of 1% in Q2 [36] - Asia experienced a strong rebound with a 23% increase in the first half, including 34% in Q2 [36][37] Company Strategy and Development Direction - The company emphasizes a diverse and balanced portfolio of brands, which has proven to be a key asset in navigating external challenges [4][50] - Continued investment in brand desirability and creative momentum is a priority, with a focus on maintaining strong market positions [50][77] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by external economic conditions but expresses confidence in the company's ability to adapt and thrive [50] - The company is optimistic about the recovery in key markets, particularly in Asia, and is focused on leveraging its financial strength for future investments [50][86] Other Important Information - The interim dividend has been set at €5.5 per share, to be paid on December 6, 2023 [48] - The company is undergoing a leadership transition with new CEOs for Dior and Louis Vuitton, focusing on maintaining brand desirability [76][77] Q&A Session Summary Question: Performance of Fashion & Leather Goods and Chinese consumer - Management noted a 40% to 45% increase in business with Chinese clients compared to 2021, despite a slow start in early 2023 [55][56] Question: Profitability of Fashion & Leather Goods - Profitability erosion was attributed to increased advertising and promotional expenses, particularly for high-profile fashion shows [56][57] Question: Performance in Watches & Jewelry - Watches & Jewelry saw a 13% organic growth, with strong performance in Asia, particularly among Chinese customers [61] Question: Cognac outlook and U.S. market concerns - Management expressed cautious optimism for Cognac, noting recovery in China but challenges in the U.S. market due to inventory issues [78][82] Question: Cosmetics growth in Asia - The company is experiencing weakness in travel retail in Asia, while the Mainland China business is progressing [91][92] Question: Duty-free strategy changes - The company is shifting focus to airport duty-free due to improved rental negotiations, moving away from downtown duty-free locations [95] Question: General and administrative expenses increase - The increase in G&A expenses was attributed to one-off costs, impacting the overall financial performance [97][98]

LVMH First half 2023 results July 25, 2023 nottinV sing This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in LVMH's Universal Registration Document which is available on the website (www.lymh.com). These forward-looking statements should not be considered as a guarantee o ...