134 135
LVMH 2019 . P e r f o r m a n c e m e a s u r e s
LVMH STOCK MARKET DATA (in euros)
CHANGE IN THE DIVIDEND (in euros)
S T O C K M A R K E T P E R F O R M A N C E M E A S U R E S
COMPARISON BETWEEN THE LVMH SHARE PRICE AND THE CAC 40 INDEX SINCE JANUARY 2, 2017 (in euros)
Volume of transactions (right-hand scale)LVMH CAC 40 rebased
Building on the momentum of a very good first half of the year, stock markets continued to climb in the second half, with the CAC 40 seeing its strongest annual growth in 20 years. The resumption of quantitative easing by the ECB, combined with three successive benchmark rate cuts in the United States, were key drivers of this bullish trend. This performance was achieved in a persistently uncertain environment, particularly with regard to trade talks between the United States and China, which remained at the forefront of investor concerns throughout the year. Still, the last quarter ended on a more positive note with an agreement being reached on the first phase of the deal which, without ending tensions outright, leaves hope for a certain easing in trade relations between the two countries. Against this backdrop, the CAC 40 and Euro Stoxx 50 indices finished 2019 with gains of 26% and 25%, respectively. The LVMH closing share price ended the year up 60%, at 414.20, after having reached a new record high toward the end of the year. LVMH s market capitalization was 208 billion as of December 31, making it the largest company on the Paris stock exchange.
0
2,000,000
4,000,000
1,000,000
3,000,000
2017 2018
100
75
50
25
0
5,000,000
7,000,000
8,000,000
6,000,000
200
175
150
125
2019
225
250
275
300
325
350
375
400
425
450
AMFJDNOSAJJMAMFJ M A J OSAJ DN DNOSJJMAMFJ
2017 2018 2019
High (mid-session) 260.55 313.70 419.50
Low (mid-session) 175.80 232.50 243.65
Year-end share price 245.40 258.20 414.20
Change during the year (%)
35% 5% 60%
Change in the CAC 40 (%)
9% 11% 26%
Market capitalization at Dec. 31 (EUR bn)
124.0 130.0 208.0
2017(1) 2018 2019
Gross dividend 5.00 6.00 4.80(2)
Change for the year 25% 20% 20%
Payout ratio 47% 47% 34%
Basic Group share of net earnings per share
10.68 12.64 14.25
(1) Restated to account for the impact of the application of IFRS 9 Financial Instruments. (2) At a meeting on April 15th, 2020, the LVMH Board of Directors assessed the economic situation resulting from the Covid-19 pandemic and, in light of current events and governmental recommendations, decided to propose a 30% reduction in the dividend announced on January 28th for Shareholders approval at the AGM on June 30th, 2020.
