LVMH 2018 . P e r f o r m a n c e m e a s u r e s
S T O C K MA R K E T P E R FOR MA N C E M E A S U R E S
LVMH STOCK MARKET DATA (in euros)
CHANGE IN THE DIVIDEND
2018
2018
2016
2017
2016 (1)
2017 (1)
313.70 232.50 258.20
6.00 (2)
High (mid-session)
181.40 260.55
Gross dividend (in euros)
4.00 5.00
20% 47% 12.64
Low (mid-session)
130.55 175.80
Growth for the year
13%
25%
Year-end share price
181.40 245.40
Payout ratio
50%
47%
5%
Change during the year (%) Change in the CAC 40 (%) Market capitalization at Dec. 31 (EUR bn)
25%
35%
Basic Group share of net earnings per share (in euros)
8.08
10.68
-11%
5%
9%
(1) Restated to account for the impact of the application of IFRS 9 Financial Instruments. (2) Amount to be proposed at the Shareholders’ Meeting of April 18, 2019.
130.0
92.0 124.0
COMPARISON BETWEEN THE LVMH SHARE PRICE AND THE CAC 40 INDEX SINCE JANUARY 1, 2016 (in euros)
320
7,000,000
300
280
6,000,000
260
5,000,000
240
220
4,000,000
200
3,000,000
180
160
2,000,000
140
1,000,000
120
100
0
M FJDNOSAJJMAMFJ M A J OSAJ DN
DNOSAJJMAMFJ
2016
2017
2018
LVMH CAC 40 rebased
Volume of transactions (right-hand scale)
After remaining relatively steady during the first nine months of the year despite a climate of substantial uncertainty, markets slumped during the third quarter to end the year in a downturn. The trade war between the United States and China, the political and economic environment in Italy and the difficult negotiations between the European Union and the United Kingdom surrounding Brexit weighed on performance in the main indices. The end of the year also saw the publication of less favorable indicators, fueling investor fears of a slowdown in global economic growth. Paradoxically, the changes to monetary policy in Europe and the United States, which had been highly anticipated by investors, ended up having a limited impact on markets. Against this backdrop, the CAC 40 and Euro Stoxx 50 indices finished 2018 down 11% and 14%, respectively. The LVMH closing share price ended the year up 5%, at €258.20, after having reached a new record high during the year. LVMH’s market capitalization was €130 billion as of December 31, making it the largest company on the Paris stock exchange.
130 • 131
Powered by FlippingBook