First Half 2021 Results
FIRST HALF 2021 RESULTS
LVMH
CHANGE IN NET FINANCIAL INCOME (EXPENSE)
In millions of euros
COST OF NET FINANCIAL DEBT
H1 2020
H1 2021
Change (M€)
(46)
11
+ 57
40
INTEREST ON LEASE LIABILITIES
(149)
(140)
+ 9
COST OF CURRENCY DERIVATIVES
(116)
(98)
+
18
FAIR VALUE ADJUSTMENT OF AVAILABLE
(136)
235
+371
FOR SALE FINANCIAL ASSETS
OTHER ITEMS - NET
(15)
(20)
5
NET FINANCIAL INCOME (EXPENSE)
(462)
(12)
+ 450
FIRST HALF 2021 RESULTS
SOUND FINANCIAL STRUCTURE
Change versus December 31, 2020
| Increased intangible assets mainly due to Tiffany's integration
and revaluation of purchase commitments for minority interests
| Increased inventories resulting from Tiffany's integration and
progress in business activity
| Progress in total equity linked to increased net result and impact
of currency change
| Increased net financial debt following the disbursement of
Tiffany's acquisition price
116.6
In billions of euros.
116.6
33
LVMH
37%
Total
equity
Non current
74%
assets
40%
Non current
liabilities
Inventories
Other current
14%
23%
Current
liabilities
12%
assets
ASSET
LIABILITIES
June 30, 2021
34
LVMHView entire presentation