..... 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 ...

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCPK:LVMHF) Q4 2022 Results Conference Call January 26, 2023 ET Company Participants Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO Conference Call Participants Antoine Belge - Exane BNP Paribas Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Louise Singlehurst - Goldman Sachs Natasha Brilliant - Credit Suisse Bernard Arnault Good evening. I'm delighted to be with you again. I think, it's two years now, Mr. Guiony, that we were not ...

Financial Performance - LVMH's revenue reached €367 billion, a 21% increase compared to H1 2021[5] - Profit from recurring operations amounted to €102 billion, up 34% versus H1 2021, with an operating margin of 279%[5] - Operating free cash flow was €40 billion, a decrease of 24% compared to H1 2021[5] - Group share of net profit increased by 23% to €6532 billion compared to H1 2021[71] Business Group Highlights - Wines & Spirits revenue increased by 23%, with profit from recurring operations up by 25%[13] - Fashion & Leather Goods revenue rose by 31%, and profit from recurring operations increased by 33%[21] - Perfumes & Cosmetics revenue grew by 20%, but profit from recurring operations decreased by 1%[28] - Watches & Jewelry revenue increased by 22%, with profit from recurring operations up by 26%[38] - Selective Retailing revenue increased by 30%, and profit from recurring operations increased significantly by 181%[46] Regional Performance - Strong revenue growth was observed in Europe, Japan, and the United States[7] - Asia (excluding Japan) was impacted by health restrictions in China during Q2[9] - The United States accounted for 27% of total revenue, compared to 25% in H1 2021[60] - Asia (excluding Japan) contributed 32% of total revenue, down from 38% in H1 2021[60]

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCPK:LVMHF) Q2 2022 Results Conference Call July 26, 2022 12:00 PM ET | --- | |----------------------------------------------------------------------| | | | Company Participants | | Chris Hollis - Head of Investors Relations Jean-Jacques Guiony - CFO | | Conference Call Participants | | Luca Solca - Bernstein | | Edouard Aubin - Morgan Stanley | | Louise Singlehurst - Goldman Sachs | | Dana Telsey - Telsey Advisory Group | | Antoine Belge - Exane BNP ...

LVMH Moet Hennessy Louis Vuitton Société Européenne (OTCPK:LVMHF) Q1 2022 Earnings Conference Call April 12, 2022 9:00 AM ET Company Participants Chris Hollis - Director of Financial Communications Jean-Jacques Guiony - CFO Conference Call Participants Antoine Belge - Exane BNP Paribas Luca Solca - Bernstein Oliver Chen - Cowen Zuzanna Pusz - UBS Thomas Chauvet - Citi Dana Telsey - Telsey Advisory Group Edouard Aubin - Morgan Stanley Piral Dadhania - RBC Rogerio Fujimori - Stifel Liwei Hou - CICC Paola Carb ...