LVMH 2020 . P e r f o r m a n c e m e a s u r e s
150 151
2018 2019 2020
High (mid-session) 313.70 419.50 517.20
Low (mid-session) 232.50 243.65 278.70
Year-end share price 258.20 414.20 510.90
Change during the year (%)
+5% +60% +23%
Change in the CAC 40 (%) -11% +26% 7%
Market capitalization at Dec. 31 (EUR bn)
130.0 208.0 257.9
2018 2019 2020
Gross dividend 6.00 4.80(1) 6.00(2)
Change for the year +20% 20% +25%
Payout ratio 47% 34% 64%
Basic Group share of net earnings per share
12.64 14.25 9.33
(1) Proposed by LVMH s Board of Directors at its meeting on April 15, 2020, during which it 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 with respect to the amount initially announced on January 28, 2020, and approved at the Shareholders Meeting on June 30, 2020. (2) To be proposed at the Shareholders Meeting on April 15, 2021.
LVMH STOCK MARKET DATA (in euros)
COMPARISON BETWEEN THE LVMH SHARE PRICE AND THE CAC 40 INDEX SINCE JANUARY 2, 2018 (in euros)
CHANGE IN THE DIVIDEND (in euros)
Volume of transactions (right-hand scale)LVMH CAC 40 rebased
2020 was a year like no other for stock markets, with the unprecedented public health crisis that struck most countries around the world. The various lockdown measures adopted by governments led to whole swathes of the economy being brought to a sudden halt, causing all stock exchanges to plummet in March-April. The rapid implementation of massive support measures by governments and central banks, followed by the gradual slowdown in the spread of the virus, nevertheless allowed markets to recover somewhat in the spring. After a wait-and-see period, investors enthusiastically welcomed the November announcement of vaccines that were found to be effective against the virus, enabling a substantial rebound. In a calmer market environment, also relieved of the uncertainty surrounding the US elections, the main indices ended the year with only slight losses, or even gains in some cases. The CAC 40 and Euro Stoxx 50 indices finished 2020 down 7.14% and 5.14%, respectively. The LVMH closing share price ended the year up 23%, at 510.90, after having reached a new record high toward the end of the year. LVMH s market capitalization was 258 billion as of December 31, making it the largest company on the Paris stock exchange.
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
0
2,000,000
4,000,000
1,000,000
3,000,000
2018 2019
100
175
150
125
5,000,000
7,000,000
6,000,000
200
2020
225
250
275
300
325
350
375
400
425
450
A
475
500
525
8,000,000
MFJDNOSAJJMAMFJ M A J OSAJ DN DNOSJJMAMFJ