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 ...

Financial Data and Key Metrics Changes - The company reported a 14% organic revenue growth for the first nine months of 2023, with a 10% increase on a reported basis after a negative 4% currency impact [6][31] - The revenue for the Wines & Spirits division decreased by 7% on an organic basis and 10% on a reported basis [11] - Fashion & Leather Goods revenue increased by 16% on an organic basis, while Perfumes & Cosmetics grew by 12% [14][19] - Selective Retailing saw a significant 26% increase in organic revenue growth [27] Business Line Data and Key Metrics Changes - Fashion & Leather Goods was a strong growth driver, up 16% organically year-to-date, with notable performances from Louis Vuitton and Christian Dior [4][14] - Wines & Spirits saw a 2% organic growth in Champagne and Wines, but a 14% decline in Cognac and Spirits due to weak U.S. demand [4][12] - Perfumes & Cosmetics maintained a 12% organic growth, with strong contributions from brands like Christian Dior [19][20] - Watches & Jewelry increased by 9% organically, with jewelry showing double-digit growth [5][24] Market Data and Key Metrics Changes - Revenue growth in Asia was 32%, while Europe (excluding France) grew by 16% [7] - The U.S. accounted for 24% of revenue, down 2 percentage points from the previous year [7] - Quarterly growth in Asia moderated from 23% in the first half to 11% in Q3, reflecting a challenging comparison basis [8] Company Strategy and Development Direction - The company aims to strengthen its global leadership and market share while remaining flexible in the face of macroeconomic uncertainties [31] - There is a focus on creating innovative, high-quality products and making selective investments in strategic store network expansion [31] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the recovery of the Chinese market, indicating that forecasting consumer behavior remains challenging [44][84] - The company noted that the impact of currency fluctuations on sales is significant and will be factored into future projections [46][68] Other Important Information - The company reported a high level of inventories in Cognac, which are slowly decreasing, indicating a cautious approach to market loading [62] - The performance of the European consumer market showed a slight decline in Q3 compared to previous quarters, attributed to various economic factors [82] Q&A Session All Questions and Answers Question: Performance by nationalities and brands in Fashion & Leather Goods - Management reported that the Chinese clientele showed consistent growth, while European nationalities experienced a decline in Q3 [36][37] Question: Performance of medium-sized brands like Celine and Fendi - Management acknowledged that some medium-sized brands have lost momentum, but did not provide specific details [38] Question: Cost base management and budgeting - Management indicated that discussions around cost management are ongoing, particularly in light of currency impacts [46] Question: Chinese demand recovery and economic headwinds - Management expressed satisfaction with the Chinese market performance but acknowledged challenges in recovery speed [50][84] Question: Pricing impact on future growth - Management confirmed that pricing will have a limited impact on growth in the upcoming year [66] Question: Performance of Watches & Jewelry - Jewelry outperformed watches in Q3, with Bulgari performing better than Tiffany due to geographic mix advantages [71]

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]