LVMH Annual Report

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

www.kuwee.com

Powered by