2021 KEY FIGURES
- 75 Maisons
- 80 Countries
- 179 Nationalities
- 5,556 Stores
Extract from the press release published on January 27, 2022
Bernard Arnault, Chairman and Chief Executive Officer of LVMH
Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH enjoyed a remarkable performance in 2021 against the backdrop of a gradual recovery from the health crisis. The Group's record results could not have been achieved without the efficiency and exceptional ability of our teams to adapt and notably to remain connected to our customers, continuing to inspire dreams, despite the crisis. 2021 was also a year in which LVMH was deeply moved by the tragic passing of Virgil Abloh, whose creative genius I would like to applaud. His immense visionary talent and his great wisdom will forever be embedded within the history of our Group. Our objective to strive for solid financial performance and our relentless quest for excellence remind us of our daily commitment to act in such a way as to make the world a better place. The Group and its Maisons carried out numerous actions in 2021 to promote biodiversity, protect nature and to preserve skills and craftsmanship, and will continue to do so in the years to come. Despite the uncertainties that remain at the start of this new year, which continues to be disrupted by health concerns, we approach 2022 with confidence and are convinced that LVMH is in an excellent position to further strengthen its lead in the global luxury market.
Highlights of 2021 include:
LVMH, the world’s leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic.
The Group’s organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Fashion & Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019.
Profit from recurring operations stood at €17,151 million for 2021, more than double 2020, and up 49% compared to 2019. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Group share of net profit amounted to €12,036 million, up 156% compared to 2020 and up 68% compared to 2019. Operating free cash flow, which exceeded €13 billion, was more than twice that of both 2020 and 2019.
Extract from the press release published on January 27, 2022
Within the context of a gradual recovery from the health crisis, LVMH is confident in its ability to maintain its current growth momentum. The Group will continue to pursue a strategy focused on developing its brands building on strong innovation and investments as well as a constant quest for quality of their products, of their desirability and of their distribution.
Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across its activities and the geographic areas in which it operates, LVMH enters 2022 with confidence and, once again, sets an objective of reinforcing its global leadership position in luxury goods.
At the Annual General Meeting on April 21, 2022, LVMH will propose a dividend of 10 euros per share. An interim dividend of 3 euros per share was paid on December 2 of last year. The balance of 7 euros will be paid on April 28, 2022.
Stock markets hit new records in 2021, driven by factors including global economic growth and financial performance of businesses, despite the ongoing uncertainty surrounding the pandemic. The luxury sector in particular enjoyed ongoing strong demand from the United States and China, and posted solid earnings, with LVMH becoming Europe’s highest-valued company in February 2021.
The end of the year, however, saw renewed volatility, with the return of inflation, uncertainty surrounding the end of central banks’ accommodative monetary policy, and the emergence of the Omicron variant, although this volatility did not impact the annual stock market performances of the main indices, with the CAC 40 surpassing 7,000 points for the first time in November.
The CAC 40 and Euro Stoxx 50 indices finished 2021 up 28.85% and 20.99%, respectively. The LVMH closing share price ended the year up 42.3%, at €727, after having reached a new all-time record high of €734.7 toward the end of the year. LVMH’s market capitalization was €367 billion as of December 31, making it the largest company on the Paris stock exchange.
LVMH STOCK MARKET DATA (in euros) |
2018 |
2019 |
2020 |
2021 |
|---|---|---|---|---|
High (mid-session) |
313.70 |
419.50 |
517.20 |
741.60 |
Low (mid-session) |
232.50 |
243.65 |
278.70 |
489.05 |
Year-end share price |
258.20 |
414.20 |
510.90 |
727.00 |
Change during the year (%) |
+5% |
+60% |
+23% |
+42% |
Change in the CAC 40 (%) |
-11% |
+26% |
-7% |
+29% |
Market capitalization at Dec. 31 (EUR bn) |
130.0 |
208.0 |
257.9 |
367.0 |
Source: Euronext.
+42% +29%
€727
€367bnThe largest capitalization on the Paris stock market
Listed on Eurolist by Euronext Paris
CAC 40, Dow Jones Euro Stoxx 50, MSCI Europe, FTSE Eurotop 100, Global Dow and FTSE4Good.
An LVMH shareholder who invested €1,000 on January 1, 2017 would have a capital of €4,265 on December 31, 2021, based on reinvested dividends. This represents a 327% gain, translating to a compound annual growth rate of around 33.6% over five years.
The LVMH Shareholders’ Club was set up in 1994 to give individual shareholders who are particularly interested in the life of the Group a better understanding of LVMH, its businesses and its brands.
The LVMH Shareholders’ Club can be joined free of charge by any shareholder who owns at least one LVMH share listed on the Paris stock exchange.
We send Club members several publications to keep them informed of the latest news about our Maisons, such as the Annual Report, the twice-annual Letter to Shareholders and the annual issue of Apartés, our Club magazine.
Throughout the year, the LVMH Shareholders’ Club holds exceptional in-person and virtual private tours of a number of its Maisons, such as Louis Vuitton’s workshops in Asnières, the historic La Samaritaine department store by the Pont Neuf in Paris, and Guerlain’s fragrance production facility in Orphin. Club members can also reserve guided tours of unique sites such as Hennessy’s centuries-old cellars in Cognac, Veuve Clicquot’s magnificent crayères in Reims, and Moët & Chandon and Mercier’s champagne cellars in Épernay.
In addition to special offers on a selection of the Group’s wines and spirits, for delivery in France only, Club members can purchase discounted subscriptions to Group media publications – Les Echos, Investir, Le Parisien and Connaissance des Arts – and order priority-access tickets for the Fondation Louis Vuitton.
The detailed program of the Club’s visits as well as the exclusive offer of wines and spirits, subscriptions to the Group’s newspapers and magazines and tickets to the Fondation Louis Vuitton are available via the Club’s website at www.clublvmh-actionnaires.fr/en. This private online space, dedicated to Club members, can be accessed once they have created their account.
Tuesday, April 12, 2022 |
2022 first-quarter revenue |
|---|---|
Thursday, April 21, 2022 |
Shareholders’ Meeting |
Thursday, April 28, 2022 |
Payment of the final dividend for fiscal year 2021 (last trading day with dividend rights: April 25, 2022) |
July 2022 |
2022 half-year revenue and results |
October 2022 |
2022 third-quarter revenue |
Have you ever wondered what makes the desirability and the longevity of our most iconic products? Is this due to the manufacturing secrets preciously guarded within our Houses, sometimes for centuries? Or the talent of a single creative visionary capable of inventing or reinventing everything each season? Or to the person who makes it? Sells it?
The Story Behind ME series, broadcast exclusively on our social networks, lifts the veil on this mystery… By meeting the people who contribute to the desirability of our products every day.
In the succession of three stories that form a single one, we discover the face, the intelligence, the keen eye, the hands, the sensibility of women and men who pass on from one generation to the next, from one métier to another, the passion for beauty, for timeless quality, for various skills so patiently acquired and optimized so much so they become an art…
Each talent is the custodian of one of the 280 Métiers d’Excellence within the LVMH Group. Whether it is creation, craftsmanship or customer experience, they all maintain a permanent dialogue that ensures that our products are not just products, that our products have a soul. Some of these Métiers d’Excellence have a centuries-old tradition, and they all write their future with the passion that drives their daily work.
Meet Lucia Silvestri, Bulgari Creative Director, Massimo di Valentini, Director of the Prototyping and Fine Jewellery Workshop, and Sergio Scudellari, Sales Manager.
Meet Marco de Vincenzo, Leather Product Designer, Alessia Facchin, Assembly and Finishing Manager, and Xia Jie, Sales Consultant, open the doors to the Maison Fendi.
Meet Jonathan W. Anderson, Artistic Director, Maite Infantes, Modelist and Kashiyama San, Client Associate.
The LVMH website (www.lvmh.com) gives access to a wide range of regularly updated information on the Group and its Maisons. A section specially aimed at the financial community and LVMH shareholders features the share price in real time, its chart relative to the CAC 40, the events schedule, press releases and presentations, in particular the Shareholders’ Meeting, which can be watched live or on replay.
Communications media can be viewed in the Publications section along with the Annual Report, the Social and Environmental Responsibility Report. LVMH also sends out Group news by email to web users who sign up for Press Release and Letter to Shareholders alerts. Lastly, a Calendar alert is available for those wishing to be advised of updates to this section and receive an email reminder the day before an event.
Investor and Shareholder Relations
Phone: +33 (0)1 44 13 27 27
Shareholders’ Club
Phone: +33 (0)1 44 13 21 50
E-mail: clubactionnaires@lvmh.com