Financials LVMH

Equities

Real-time Euronext Paris Other stock markets 09:45:36 11/03/26 pm AEDT			5-day change	1st Jan Change
502.70 ^EUR	-0.36%		-0.91%	-22.05%

11/03	LVMH Appoints Philippe Farnier as Deputy CEO of Beauty Division and Parfums Christian Dior	CI
11/03	Louis Vuitton brings folklore and fur to the Louvre for fall/winter collection	RE

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	64,215	79,184	86,153	84,683	80,807	81,854	86,494	91,736
Change	-	23.31%	8.8%	-1.71%	-4.58%	1.3%	5.67%	6.06%
EBITDA ¹	22,981	27,281	29,979	27,367	25,756	25,026	27,481	28,862
Change	-	18.71%	9.89%	-8.71%	-5.89%	-2.83%	9.81%	5.03%
EBIT ¹	17,151	21,055	22,802	19,571	17,755	18,095	19,742	21,564
Change	-	22.76%	8.3%	-14.17%	-9.28%	1.92%	9.1%	9.23%
Interest Paid ¹	53	-888	-935	-792	-401	-887.3	-778.2	-675.7
Earnings before Tax (EBT) ¹	17,208	20,113	21,625	18,115	16,698	17,224	18,777	20,714
Change	-	16.88%	7.52%	-16.23%	-7.82%	3.15%	9.02%	10.32%
Net income ¹	12,036	14,084	15,174	12,550	10,878	11,565	13,206	14,723
Change	-	17.02%	7.74%	-17.29%	-13.32%	6.31%	14.19%	11.49%
Announcement Date	27/1/22	26/1/23	25/1/24	28/1/25	27/1/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	13,959	14,706	15,512	20,038	18,003	18,726	19,755	22,699	21,035	21,205	19,964	23,948	20,694	20,983	19,076	23,930	20,311	19,499	18,280	22,717	19,734	20,111	19,013	23,854
Change	-	5.35%	5.48%	29.18%	-10.16%	4.02%	5.5%	14.9%	-7.33%	0.81%	-5.85%	19.96%	-13.59%	1.4%	-9.09%	25.45%	-15.12%	-4%	-6.25%	24.27%	-13.13%	1.91%	-5.46%	25.46%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	4,742	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	26/4/21	26/7/21	12/10/21	27/1/22	12/4/22	26/7/22	11/10/22	26/1/23	12/4/23	25/7/23	10/10/23	25/1/24	16/4/24	23/7/24	15/10/24	28/1/25	14/4/25	24/7/25	14/10/25	27/1/26	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2	2026 S1	2026 S2
Net sales ¹	35,550	36,729	42,455	42,240	43,913	41,677	43,006	39,810	40,997	39,557	43,034
Change	-	3.32%	15.59%	-0.51%	3.96%	-5.09%	3.19%	-7.43%	2.98%	-3.51%	8.79%
EBITDA ¹	12,605	13,241	14,040	14,653	15,326	13,893	13,474	12,473	13,283	10,923	12,322
Change	-	5.05%	6.03%	4.37%	4.59%	-9.35%	-3.02%	-7.43%	6.49%	-17.77%	12.81%
EBIT ¹	9,519	10,235	10,820	11,574	11,228	10,653	8,918	9,012	8,743	8,810	9,412
Change	-	7.52%	5.72%	6.97%	-2.99%	-5.12%	-16.29%	1.05%	-2.98%	0.76%	6.84%
Charge d'intérêts	65	-798	-90	467	-1,370	-255	-537	-435	34	-	-
Earnings before Tax (EBT) ¹	9,622	9,329	10,784	12,031	9,594	10,369	7,746	8,563	8,135	8,820	9,058
Change	-	-3.05%	15.6%	11.56%	-20.26%	8.08%	-25.3%	10.55%	-5%	8.42%	2.7%
Net income ¹	6,747	6,532	7,552	8,481	6,693	7,267	5,283	5,698	5,180	5,935	5,991
Change	-	-3.19%	15.62%	12.3%	-21.08%	8.58%	-27.3%	7.86%	-9.09%	14.58%	0.94%
Announcement Date	27/1/22	26/7/22	26/1/23	25/7/23	25/1/24	23/7/24	28/1/25	24/7/25	27/1/26	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	9,607	27,847	30,671	31,143	27,567	23,302	19,512	14,330
Change	-	189.86%	10.14%	1.54%	-11.48%	-15.47%	-16.26%	-26.56%
Announcement Date	27/1/22	26/1/23	25/1/24	28/1/25	27/1/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	2,664	4,969	7,478	5,531	4,567	4,868	4,904	5,063
Change	-	86.52%	50.49%	-26.04%	-17.43%	6.6%	0.73%	3.25%
Free Cash Flow (FCF) ¹	13,531	10,113	8,104	10,478	11,333	12,169	13,224	14,664
Change	-	-25.26%	-19.87%	29.29%	8.16%	7.38%	8.67%	10.89%
Announcement Date	27/1/22	26/1/23	25/1/24	28/1/25	27/1/26	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	35.79%	34.45%	34.8%	32.32%	31.87%	30.57%	31.77%	31.46%
EBIT Margin (%)	26.71%	26.59%	26.47%	23.11%	21.97%	22.11%	22.83%	23.51%
EBT Margin (%)	26.8%	25.4%	25.1%	21.39%	20.66%	21.04%	21.71%	22.58%
Net margin (%)	18.74%	17.79%	17.61%	14.82%	13.46%	14.13%	15.27%	16.05%
FCF margin (%)	21.07%	12.77%	9.41%	12.37%	14.02%	14.87%	15.29%	15.99%
FCF / Net Income (%)	112.42%	71.8%	53.41%	83.49%	104.18%	105.22%	100.14%	99.6%
Profitability
ROA	10.29%	10.84%	10.9%	12.37%	7.47%	8.17%	9.2%	9.7%
ROE	28.48%	27.55%	26.13%	27.88%	16.12%	16.07%	17.44%	17.59%
Financial Health
Leverage (Debt/EBITDA)	0.42x	1.02x	1.02x	1.14x	1.07x	0.93x	0.71x	0.5x
Debt / Free cash flow	0.71x	2.75x	3.78x	2.97x	2.43x	1.91x	1.48x	0.98x
Capital Intensity
CAPEX / Current Assets (%)	4.15%	6.28%	8.68%	6.53%	5.65%	5.95%	5.67%	5.52%
CAPEX / EBITDA (%)	11.59%	18.21%	24.94%	20.21%	17.73%	19.45%	17.85%	17.54%
CAPEX / FCF (%)	19.69%	49.13%	92.28%	52.79%	40.3%	40.01%	37.08%	34.53%
Items per share
Cash flow per share ¹	37.01	35.49	36.78	37.87	37.9	34.18	37.49	39.17
Change	-	-4.1%	3.63%	2.98%	0.08%	-9.81%	9.67%	4.47%
Dividend per Share ¹	7	12	13	13	13	13.2	14.5	15.94
Change	-	71.43%	8.33%	0%	0%	1.56%	9.82%	9.95%
Book Value Per Share ¹	93.56	109.8	122.2	135.1	135.5	146.5	158.6	171
Change	-	17.31%	11.29%	10.62%	0.28%	8.11%	8.28%	7.83%
EPS ¹	23.89	28.03	30.33	25.12	21.85	23.21	26.49	30.06
Change	-	17.33%	8.21%	-17.18%	-13.02%	6.22%	14.13%	13.5%
Nbr of stocks (in thousands)	503,785	501,103	499,410	499,744	495,126	496,391	496,391	496,391
Announcement Date	27/1/22	26/1/23	25/1/24	28/1/25	27/1/26	-	-	-