0

2,000,000

4,000,000

1,000,000

3,000,000

2019

5,000,000

7,000,000

6,000,000

250

350

400

450

500

550

650

750

850

300

900

600

700

800

100

200

150

M F J D N O S A J J M A M F J MA J O S A J D N D N O S J J M A M F J A M F J MA J O S A J D N M F J MA J O S A J D N

2020 2021 2022 2023

160 161

Stock market performance measures

(in euros)2021 20222023

High (mid-session)741.60 758.50

904.60

Low (mid-session)489.05 535.00

655.00

Year-end share price 727.00 679.90

733.60

Change during the year

(%)

+42%–6%

+8%

Change in the CAC 40 (%)+29%–10%

+17%

Market capitalization

at Dec. 31 (EUR bn)

367.0 342.2

368.0

Source: Euronext.

(in euros)2021 20222023

Gross dividend 10.00 12.00

13.00

(1)

Change for the year+67%+20%

+8%

Payout ratio 42%43%

43%

Basic Group share of net

earnings per share (in euros)

23.90 28.05

30.34

(1) To be proposed at the Shareholders’ Meeting on April 18, 2024.

CHANGE IN THE DIVIDEND LVMH STOCK MARKET DATA

Trading volume (right-hand scale)LVMH CAC 40 rebased

2023 was a buoyant year for major stock markets, with most f lagship indices climbing to all-time highs in December,

despite the backdrop of economic slowdown and heightened geopolitical risk.

The CAC 40 – the f lagship index of the Paris stock exchange – gained 16.5% in 2023, slightly underperforming the Euro

Stoxx 50 (up 19.2%) and the DAX (up 20.3%). US markets fared even better in 2023, with the S&P 500 and the Nasdaq

gaining 24.2% and 43.4%, respectively.

Af ter a promising start to the year, particularly for luxury stocks following the lif ting of China’s public health restrictions

at the end of 2022, markets experienced considerable volatility in light of various threats hanging over the global economy

persistent inf lation a weakerthanexpected economic recovery in China and a banking crisis in March

Relief came at the end of October with the f irst signs of slowing inf lation on both sides of the Atlantic paving

the way for a potential central bank pivot toward monetary easing in 2024 and ultimately spurring a sharp yearend rally

in equity markets

LVMHs share price also saw a yearend rebound recovering some lost ground to end the year up 79 at 73360

LVMHs market capitalization stood at 368 billion as of December 31 2023 making the Group the most valuable

company in the CAC 40

COMPARISON BETWEEN THE LVMH SHARE PRICE AND THE CAC 40 INDEX SINCE JANUARY 2, 2019

(in euros)