First Half 2021 Results
FIRST HALF 2021 RESULTS
REVENUE EVOLUTION
BY REGION
LVMH
2021 vs 2020
2021 vs 2019
Organic growth
Q1 2021
Q2 2021
H1 2021
Q1 2021
Q2 2021
H1 2021
UNITED STATES
+ 23%
X
2.1
+
60%
+
15%
+ 31%
+23%
JAPAN
8%
X
2.1
+
42%
3%
4%
3%
ASIA (EXCL. JAPAN)
EUROPE
+ 86%
+
55%
+
70%
+
26%
+ 34%
+30%
9%
+
87%
+ 25%
18%
15%
- 16%
FIRST HALF 2021 RESULTS
INCOME STATEMENT
SUMMARIZED
29
LVMH
In millions of euros
REVENUE
H1 2019
H1 2020
H1 2021
% Change
vs H1 2020
% Change
vs H1 2019
25 082
18 393
28 665
+ 56%
+ 14%
GROSS MARGIN
16 635
11 391
19 556
+
72%
+ 18%
Marketing and selling expenses
(9 563)
(8 000)
(9 804)
+
23%
+ 3%
General and administrative expenses
Equity investment income
(1789)
12
(1 699)
(2 099)
+ 24%
+ 17%
(21)
PROFIT FROM RECURRING OPERATIONS
5 295
1 671
(21)
7 632
+
357%
+
44%
Other operating income and expenses
(54)
(154)
OPERATING PROFIT
5 241
1 517
(34)
7 598
+ 401%
+ 45%
Net financial income (expense)
(205)
(462)
Income taxes
(1 431)
(511)
(12)
(2010)
NET PROFIT BEFORE MINORITY
3 605
544
5 576
+ 925%
+ 55%
INTERESTS
Minority interests
(337)
(22)
(287)
GROUP SHARE OF NET PROFIT
3 268
522
5 289
+ 913%
+ 62%
30
LVMHView entire presentation