18

THE LV MH SH A R E

BEING A LVMH SHAREHOLDER

STOCK MARKET PERFORMANCE IN 2020

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.