LVMH(US:LVMUY)2021-01-26 19:50Financial Performance - LVMH's revenue for 2020 was 44651 million euros, a decrease of 17% compared to 53670 million euros in 2019[32] - Profit from recurring operations decreased by 28% from 11504 million euros in 2019 to 8305 million euros in 2020[34, 37] - Net profit before minority interests decreased by 36% from 7782 million euros to 4955 million euros[34] - Group share of net profit decreased by 34% from 7171 million euros to 4702 million euros[34] Business Group Performance - Wines & Spirits revenue decreased by 15% to 4755 million euros, with organic change of -14%[10] - Fashion & Leather Goods revenue decreased by 5% to 21207 million euros, with organic change of -3%[13] - Perfumes & Cosmetics revenue decreased by 23% to 5248 million euros, with organic change of -22%[16] - Watches & Jewelry revenue decreased by 24% to 3356 million euros, with organic change of -23%[19] - Selective Retailing revenue decreased by 31% to 10155 million euros, with organic change of -30%[22] Regional Performance - Asia (excluding Japan) saw a -4% organic revenue change in 2020, but showed strong recovery with +13% in Q3 and +21% in Q4[29] - The United States experienced a -24% organic revenue change in H1 2020, improving to -2% in Q4, resulting in -13% for the full year[29] - Europe experienced a -28% organic revenue change in 2020[29] Key Highlights - Strong recovery in Asia, particularly in China, with double-digit growth in the second half of 2020[5] - Double-digit organic revenue growth for Fashion & Leather Goods in the last two quarters of 2020[5] - Finalization of the agreement with Tiffany & Co[5]