2020 Annual Results
2020 ANNUAL RESULTS
LVMH
PROFIT FROM RECURRING OPERATIONS
BY BUSINESS GROUP
2020 ANNUAL RESULTS
In millions of euros
WINES & SPIRITS
2019
1 729
1 388
2020
% Change
- 20%
Champagne & Wines
690
488
- 29%
Cognac & Spirits
1 039
900
- 13%
FASHION & LEATHER GOODS
7 344
7 188
2%
PERFUMES & COSMETICS
683
80
- 88%
WATCHES & JEWELRY
736
302
- 59%
SELECTIVE RETAILING
1 395
(203)
ns
OTHERS AND ELIMINATIONS
(383)
(450)
ns
TOTAL LVMH
11 504
8 305
- 28%
CHANGE IN NET FINANCIAL RESULT
In millions of euros
2019
2020
Change (M€)
COST OF NET FINANCIAL DEBT
(107)
(35)
+
72
22
INTEREST ON LEASE LIABILITIES
(290)
(281)
+
9
COST OF CURRENCY DERIVATIVES
(230)
(262)
32
FAIR VALUE ADJUSTMENT OF AVAILABLE
82
(4)
86
FOR SALE FINANCIAL ASSETS
OTHER ITEMS - NET
(14)
(26)
12
NET FINANCIAL RESULT
(559)
(608)
49
23
LVMH
24
LVMHView entire presentation