2021 Annual Results
Group share of net profit exceeded 12 billion euros in 2021
Summarized income statement (in million of euros)
2019
2020
2021
Change vs 2020
Change vs 2019
Revenue
Gross margin
53 670
44 651
64 215
+44%
+20%
35 547
28 780
43 860
+52%
+23%
Marketing and selling expenses
(20 207)
(16 792)
(22 308)
+33%
+10%
General and administrative expenses
(3 864)
(3 641)
(4 414)
+21%
+14%
Equity investment income
28
(42)
13
Frofit from recurring operations
11 504
8 305
17 151
+107%
+49%
Other operating income and expenses
(231)
(333)
4
Operating profit
11 273
7.972
17 155
+115%
+ 52%
Net financial income (expenses)
(559)
(608)
53
Income taxes
(2 932)
(2 409)
(4 510)
Net profit before minority interests
7 782
4 955
12 698
+156%
+63%
Minority interests
(611)
(253)
(662)
Group share of net profit
7 171
4 702
12 036
+ 156%
+ 68%
22
2021 Annual Results
LVMHView entire presentation