2020 Annual Results
2020 ANNUAL RESULTS
NET FINANCIAL DEBT
In millions of euros
LVMH
7 153
5 309
4 805
4 235
3 244
5 487
**6 206
4 241
Hell
24%
19%
21%
16%
16%
16%
12%
11%
31/12/2013
31/12/2014
31/12/2015
Net financial debt
31/12/2016*** 31/12/2017*** 31/12/2018*** 31/12/2019* 31/12/2020
Gearing
2020 ANNUAL RESULTS
* Incorporating for the first time the effects of the application of IFRS 16 Leases.
** Belmond shares deducted from net financial debt (€274m).
*** Restated to reflect the application of IFRS 9 Financial instruments. Previous years are presented without restatement.
2020 DIVIDEND
In euros
GROSS DIVIDEND PER SHARE
AVERAGE ANNUAL GROWTH RATE OVER 5 YEARS + 11%
6,00
4,80
6,00*
5,00
4,00
3,55
3,20
ااااس
2014
2015
2016
2017
2018
2019
2020
* Will be proposed to the Annual General Meeting of April 15, 2021
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LVMH
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LVMHView entire presentation