2020 Annual Results
2020 ANNUAL RESULTS
BUSINESS
GROUP
REVIEW
LVMH
Christian Dior Couture
LVMH
3
GOOD RESILIENCE OF LVMH
IN 2020
| Highest priority placed on the health and safety of our employees and customers and
providing direct support in the fight against the pandemic,
Good resilience, notably from major brands, in an economic environment
disrupted by the global health crisis,
| Impact of crisis on revenue worldwide; however, second half marked by a strong recovery
in Asia, with double-digit growth, and significant improvement in trends
in the US and Japan,
|Double-digit organic revenue growth for Fashion & Leather Goods in each of last two
quarters of 2020 and remarkable resilience of Cognac,
| Strong acceleration in online sales,
| Suspension of international travel, severely penalizing travel retail and hotel activities,
| Exceptional level of operating free cash flow, equivalent to 2019 level,
| Finalization of agreement with iconic American jewelry Tiffany.
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