Earnings release
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Accelerating growth in the second quarter Solid first-half results . Revenue: €38.6 billion . Profit from recurring operations: €8.7 billion . Free cash flow: €4.1 billion Paris, July 27, 2026 LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €38.6 billion in the first half of 2026. LVMH maintained its innovative momentum and remained very solid in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East. Growth accelerated in the second quarter, with organic revenue growth for the Group of 3% (4% excluding the impact of the conflict in the Middle East). The United States saw growth accelerate and had a good first half of the year. Asia (excluding Japan) saw strong growth, confirming the improvement in trends observed starting in the second half of 2025. Japan posted growth for the half-year period and Europe showed good resilience. Profit from recurring operations for the first half of 2026 came to €8.7 billion, equating to an operating margin that remained high at 22.5%. The Group share of net profit amounted to €5.7 billion, stable year on year. Bernard Arnault, Chairman and CEO of LVMH, commented: “LVMH demonstrated its solidity and effective strategy. Our Maisons – which remained focused on ensuring the utmost quality in our products, and several of which are pursuing their creative renewal – continued to inspire dreams and enhance their desirability. Accelerating growth in the second quarter arose in particular from the success of Jonathan Anderson’s first designs for Christian Dior, the remarkable performance of Loui s Vuitton’s exceptional new stores in Beijing and Seoul, and Tiffany and Bvlgari’s iconic lines. Strong growth at Sephora and the recovery in champagne and cognac also contributed to this excellent momentum. While continuing to pay very close attention to margins , we are entering the second half of the year with renewed confidence in the long-term potential of our Maisons and in our highly committed teams to continue to stand out and reinforce LVMH’s leadership position. The latest edition of our Journées Particulières events will showcase the invaluable expertise of our craftspeople and the rich heritage of our Maisons, offering an array of unique experiences.” Highlights of the first half of 2026 included the following: • Solid results over the half-year period. • Accelerating growth in the second quarter. • Growth in profit from recurring operations excluding the negative currency impact. • High level of operating margin maintained at 22.5%. • Robust cash flow of €4.1 billion. • Signs of recovery for Wines & Spirits. • Gradual acceleration in Fashion & Leather Goods, which returned to organic revenue growth in the second quarter. • Excellent performance in jewelry for Tiffany and Bvlgari. • Sustained growth at Sephora. 1/11
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Financial highlights In millions of euros First-half 2025 First-half 2026 % Change Reported % Change Organic Revenue 39 810 38 644 -3% +2% Profit from recurring operations 9 012 8 691 -4% Net profit, Group share 5 698 5 697 0% Operating free cash flow 4 032 4 100 +2% Net financial debt 10 176 8 245 -19% Equity 66 875 69 694 +4% Revenue by business group changed as follows: In millions of euros First-half 2025 First-half 2026 % Change H1 2026 / H1 2025 Reported Organic* % Change Q2 2026 / Q2 2025 Organic* Wines & Spirits 2 588 2 598 0% +5% +5% Fashion & Leather Goods 19 115 18 146 -5% -1% +1% Perfumes & Cosmetics 4 082 3 914 -4% 0% -1% Watches & Jewelry 5 090 5 225 +3% +9% +11% Selective Retailing 8 620 8 406 -2% +5% +6% Other activities and eliminations 315 356 - - - Total LVMH 39 810 38 644 -3% +2% +3% * On a constant perimeter and currency basis. For the Group, the perimeter impact with respect to the first half of 2025 was -1% and the impact of exchange rate fluctuations was -5%. Profit from recurring operations by business group changed as follows: In millions of euros First-half 2025 First-half 2026 % Change Wines & Spirits 524 582 +11% Fashion & Leather Goods 6 636 6 195 -7% Perfumes & Cosmetics 425 417 -2% Watches & Jewelry 762 831 +9% Selective Retailing 876 893 +2% Other activities and eliminations (211) (228) - Total LVMH 9 012 8 691 -4% 2/11
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Wines & Spirits: Signs of recovery for champagne and cognac; ongoing cost control measures The Wines & Spirits business group recorded organic revenue growth of 5% and profit from recurring operations up 11% in the first half of 2026. The champagne business showed encouraging signs, in particular for prestige cuvées. Moët & Chandon began its second season as the Official Champagne of Formula 1 Grand Prix races. In China, Hennessy cognac saw the positive momentum that began during Chinese New Year continue. The V.S. range of ready-to-serve cocktails was launched in the United States. Provence rosé wines continued to make good progress. In addition to rigorous cost control, brand desirability and innovation remained the business group’s core strategic priorities. Fashion & Leather Goods: Organic growth in the second quarter Revenue for Fashion & Leather Goods saw organic growth in the second quarter, with a rapid acceleration in the United States, despite the impact of the conflict in the Middle East. The operating margin remained very high, even though operating profit was negatively affected by currency fluctuations. Louis Vuitton celebrated the 130th anniversary of its legendary Monogram , paying tribute to its iconic bags and enriching its range with the Monogram Emblème and the historic jacquard canvas used for the Maison’s first trunks. The Maison continued to express its cultural vision through its stores, offering customers unique experiences, such as the new flagships in Beijing and Seoul, which achieved an excellent performance. Christian Dior saw accelerating growth with the excellent start for Jonathan Anderson’s first designs. Inspired by a dress designed by Monsieur Dior, the Cigale bag in particular has been very well received. Highlights of the half-year period included the opening of the Bamboo Pavilion in Tokyo and a new House of Dior store in Osaka. Loro Piana, which turned in another excellent performance, presented its new Nomadic Reverie collection, illustrating the rich sensory experience and excellent craftsmanship of the Maison’s textile creations, while its range of leather goods was enriched with the Extra Softy Bag. Michael Rider at Celine, Jack McCollough and Lazaro Hernandez at Loewe, Sarah Burton at Givenchy and Maria Grazia Chiuri at Fendi continued the creative renewal of collections at their respective Maisons. Rimowa achieved strong growth in the half -year period. Berluti also had a good start to the year. An agreement was entered into with WHP Global for LVMH’s sale of Marc Jacobs. Perfumes & Cosmetics: Good performance by historic Maisons; ongoing selective retail approach The Perfumes & Cosmetics business group, for which revenue remained stable on an organic basis in the first half of 2026, maintained its robust innovation policy and highly selective retail approach. The operating margin was up slightly. LVMH’s historic Maisons had a good start to the year. Parfums Christian Dior performed well, buoyed by the launches of J’adore Intense and eau de parfum versions of Dior Addict. In high perfumery, new signature scents were unveiled within La Collection Privée. Good momentum in makeup – driven by Forever and Backstage in particular – also contributed to the Maison’s performance. Guerlain saw strong growth driven by its L’Art & La Matière and Aqua Allegoria fragrance collections, as well as accelerating growth in its iconic Rouge G lipstick. Parfums Givenchy focused on the development of L’Interdit. Maison Francis Kurkdjian expanded its Oud collection and Acqua di Parma celebrated its 110th anniversary. 3/11
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Watches & Jewelry: Acceleration driven by growing success of iconic lines The Watches & Jewelry business group recorded organic revenue growth of 11% in the second quarter, marking an acceleration. The operating margin was up over the half-year period. Tiffany & Co. achieved an excellent performance and continued to successfully strengthen its iconic product lines – Knot and HardWear in particular – and to renovate its store network. Natalie Portman became the Maison’s new brand ambassador. Bvlgari also achieved strong growth and unveiled a new artistic vision for high jewelry and prestige watches with Eclettica, which generated record -breaking revenue. The Serpenti collection was showcased in a new communication campaign. Chaumet continued to develop its Bee de Chaumet collection. In watches, TAG Heuer continued to enjoy a high- profile presence at Formula 1 Grand Prix races. Selective Retailing: Sustained growth for Sephora; sale of assets by DFS In Selective Retailing, organic revenue growth was 5% in the first half of 2026 and the margin continued to grow. Sephora recorded sustained organic growth in its revenue. The Maison saw further market share gains in many countries, consolidating its global leadership position. It continued to enrich its unique selection of brands with a number of exclusive launches, including Rhode, which was a major success in North America and the United Kingdom. The retail network continued to expand, including successful market entries in Belgium and Croatia. Le Bon Marché once again posted revenue growth, drive n by its differentiation strategy and its ever-unique slate of events. DFS sold its businesses in Greater China to China Tourism Group Duty Free; an agreement was also entered into to sell the Los Angeles and San Francisco airport concessions to Duty Free Americas, and to sell DFS Okinawa to Avolta. Outlook for 2026 Despite a geopolitical and economic environment that remains uncertain, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the exceptional quality of its products and excellence in retail. Its exacting focus on the highest quality across all its activities, combined with the energy and unparalleled creativity of its teams, will enable the LVMH Group to reinforce its global leadership position in luxury goods once again in 2026. An interim dividend of €5.50 will be paid on December 3, 2026. Regulated information related to this press release, the presentation on first-half results and the Interim Financial Report are available at www.lvmh.com . Limited review procedures have been carried out and the related report will be issued following the Board of Directors’ meeting. Details from the webcast on the publication of 2026 first-half results are available at www.lvmh.com . 4/11
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APPENDIX The condensed consolidated financial statements for the first half of 2026 are included in the PDF version of the press release. LVMH – Revenue by business group and by quarter Revenue for 2026 (in millions of euros) Full-year 2026 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities and eliminations Total First quarter 1 273 9 247 2 038 2 443 4 048 72 19 121 Second quarter 1 324 8 899 1 876 2 782 4 358 284 19 524 First half 2 598 18 146 3 914 5 225 8 406 356 38 644 Revenue for 2026 (organic growth versus same period in 2025) Full-year 2026 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities and eliminations Total First quarter +5% -2% 0% +7% +4% - +1% Second quarter +5% +1% -1% +11% +6% - +3% First half +5% -1% 0% +9% +5% - +2% Revenue for 2025 (in millions of euros) Full-year 2025 Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Other activities and eliminations Total First quarter 1 305 10 108 2 178 2 482 4 189 49 20 311 Second quarter 1 283 9 006 1 904 2 608 4 431 267 19 499 First half 2 588 19 115 4 082 5 090 8 620 315 39 810 Alternative performance measures For the purposes of its financial communications, in addition to the accounting aggregates defined by IAS/IFRS, LVMH uses alternative performance measures established in accordance with AMF position DOC-2015-12. The table below lists these performance measures and the reference to their definition and their reconciliation with the aggregates defined by IAS/IFRS in the published documents. Performance measures Reference to published documents Operating free cash flow URD (consolidated financial statements, consolidated cash flow statement) Net financial debt URD (Notes 1.22 and 19 to the consolidated financial statements) Gearing URD (“Comments on the consolidated balance sheet”, page 322) Organic growth URD (“Comments on the consolidated income statement”, page 318) URD: Universal Registration Document as of December 31, 2025 5/11
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The notes to consolidated accounts are included in 2026 interim financial report, available on our Internet site www.lvmh.com L VMH – NOTES CONSOLIDATED INCOME STATEMENT (EUR millions, except for earnings per share) Notes June 30, 2026 Dec. 31, 2025 June 30, 2025 Revenue 24 38,644 80,807 39,810 Cost of sales (1 2,708) (27,279) (13,200) Gross margin 25,936 53,528 26,610 Marketing and selling expenses (1 4,392) (29,914) (14,732) General and administrative expenses ( 2,876) (5,934) (2,889) Income/(Loss) from joint ventures and associates 8 23 75 23 Profit from rec urring oper ations 24 8,691 17,755 9,012 Other operating income and expenses 25 23 (656) (14) Operating pr ofit 8,714 17,099 8,998 Cost of net financial debt (19 2) (348) (211) Interest on lease liabilities ( 261) (553) (278) Other financial income and expenses 3 41 500 54 Net financial in come/(expense) 26 (112) (401) (435) Income taxes 27 (2,583) (5,476) (2,648) Net profit before minority interests 6,019 11,222 5,915 Minority interests 18 (322) (344) (217) Net profit, Group share 5,697 10,878 5,698 Basic Group share of net earnings per share (EUR) 28 11.52 21.86 11.43 Number of shares on which the calculation is based 4 94, 587,155 497,650,238 498,439,266 Diluted Group share of net earnings per share (EUR) 28 11.51 21.85 11.42 Number of shares on which the calculation is based 4 94,957,592 497,976,118 498,738,112 6/11
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The notes to consolidated accounts are included in 2026 interim financial report, available on our Internet site www.lvmh.com L VMH – NOTES CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES (EUR millions) Notes June 30, 2026 Dec. 31, 2025 June 30, 2025 Net profit before minority interests 6,019 11,222 5,915 Translation adjustments 847 (3,489) (3,216) Amounts transferred to income statement 1 6 1 Tax impact - - - 16.5, 18 848 (3,483) (3,215) Change in value of hedges of future foreign currency cash flows (141) 789 611 Amounts transferred to income statement (332) (298) (41) Tax impact 104 (120) (139) (370) 371 431 Change in value of the ineffective portion of hedging instruments (including cost of hedging) (167) (62) 66 Amounts transferred to income statement 91 194 107 Tax impact 17 (32) (42) (58) 101 131 Gains and losses recognized in equity, transferable to income statement 420 (3,011) (2,653) Change in value of vineyard land 6 - 21 (1) Amounts transferred to consolidated reserves - - - Tax impact (1) (7) - (1) 14 (1) Employee benefit obligations: Change in value resulting from actuarial gains and losses 29 89 27 (2) Tax impact (21) (6) - 68 21 (2) Change in value of non-c urrent available for sale financial assets 9 (63) 44 (67) Tax impact 1 (1) - (62) 43 (67) Gains and losses recognized in equity, not transferable to income statement 5 77 (69) Total gains and losses recognized in equity 425 (2,934) (2,722) Comprehensive i ncome 6,444 8,288 3,193 Minority interests (350) (211) (96) Comprehensive i ncome, G roup s hare 6,094 8,077 3,097 7/11
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The notes to consolidated accounts are included in 2026 interim financial report, available on our Internet site www.lvmh.com L VMH – NOTES CONSOLIDATED BALANCE SHEET Assets (EUR millions) Notes June 30, 2026 Dec. 31, 2025 June 30, 2025 Brands and other intangible assets 3 23,331 23,129 25,043 Goodwill 4 18,561 18,315 18,365 Property, plant and equipment 6 30,408 29,728 29,403 Right-o f - use assets 7 14,987 14,860 15,724 Investments in joint ventures and associates 8 1,225 1,214 1,259 Non-c urrent available for sale financial assets 9 1,967 1,891 1,640 Other non-c urrent assets 10 977 983 1,150 Deferred tax 3,837 3,738 4,092 Non‑current a ssets 95,293 93,858 96,676 Inventories and work in progress 11 24,184 22,659 23,090 Trade accounts receivable 12 3,941 4,332 4,257 Income taxes 595 758 581 Other current assets 13 3,480 4,132 4,638 Current available for sale financial assets 14 5,399 4,708 4,157 Assets held for sale 2 2,074 2,796 - Cash and cash equivalents 15 6,803 8,794 8,176 Current a ssets 46,476 48,179 44,899 Total a ssets 141,769 142,037 141,575 Liabilities a nd e quity (EUR millions) Notes June 30, 2026 Dec. 31, 2025 June 30, 2025 Equity, Group share 16 68,095 67,472 65,295 Minority interests 18 1,599 1,477 1,580 Equity 69,694 68,949 66,875 Long-t erm borrowings 19 13,041 12,418 12,454 Non-c urrent lease liabilities 7 13,509 13,384 14,128 Non-c urrent provisions and other liabilities 20 3,484 3,546 3,494 Deferred tax 7,121 6,993 7,172 Purchase commitments for minority interests’ shares 21 6,416 6,331 7,015 Non‑current l iabilities 43,571 42,672 44,263 Short-t erm borrowings 19 7 ,444 7,925 9,927 Current lease liabilities 7 2,752 2,634 2,784 Trade accounts payable 22 7,906 8,223 7,736 Income taxes 1,407 828 1,193 Current provisions and other liabilities 22 7,970 9,190 8,797 Liabilities held for sale 2 1,025 1,616 - Current li abilities 28,504 30,416 30,437 Total liabilities and equity 141,769 142,037 141,575 8/11
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The notes to consolidated accounts are included in 2026 interim financial report, available on our Internet site www.lvmh.com L VMH – NOTES CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (EUR millions) Number of shares Share capital Share premium account Treasur y shares Cumulative translation adjustment Revaluation r eserves Net profit and ot her reserves Total e quity Available for sale financial assets Hedges of future foreign currency cash flows and cost of hedging Vineyard land Employee benefit obligations Group share Minority interests Total Notes 16.2 16.2 16.3 16.5 18 As of Dec. 31, 2024 500,341,700 150 53 (603) 2,881 ‑ (161) 1,173 218 63,806 67,517 1,770 69,287 Gains and losses recognized in equity (3,323) 42 447 14 18 (2,802) (133) (2,934) Net profit 10,878 10,878 344 11,222 Comprehensive i ncome ‑ ‑ ‑ (3,323) 42 447 14 18 10,878 8,076 211 8,288 Expenses related to bonus share and similar plans 159 159 5 165 (Acquisition)/Disposal of LVMH shares - - - (1,548) - - - - - (69) (1,617) - (1,617) Retirement of LVMH shares (2,654,760) (1) (53) 1,392 (1,338) - - - Capital increase in subsidiaries - - - - - - - - - - - 13 13 Interim and final dividends paid - - - - - - - - - (6,463) (6,463) (415) (6,878) Changes in control of consolidated entities - - - - - - - - - - - (2) (2) Acquisition and disposal of minority interests’ shares - - - - - - - - - 5 5 (17) (12) Purchase commitments for minority interests’ shares - - - - - - - - - (206) (206) (88) (294) As of Dec. 31, 2025 497,686,940 149 ‑ (759) (442) 42 286 1,186 237 66,773 67,472 1,477 68,949 Gains and losses recognized in equity 806 (63) (413) (1) 66 397 28 425 Net profit 5,697 5,697 322 6,019 Comprehensive i ncome ‑ ‑ ‑ 806 (63) (413) (1) 66 5,697 6,094 350 6,444 Expenses related to bonus share and similar plans 97 97 3 101 (Acquisition)/Disposal of LVMH shares - - - (1,609) - - - - - (50) (1,659) - (1,659) Retirement of LVMH shares (1,875,860) 951 (951) - - - Capital increase in subsidiaries - - - - - - - - - - - 19 19 Interim and final dividends paid - - - - - - - - - (3,706) (3,706) (215) (3,921) Changes in control of consolidated entities - - - - - - - - - - - 20 20 Acquisition and disposal of minority interests’ shares - - - - - - - - - (2) (2) (6) (8) Purchase commitments for minority interests’ shares - - - - - - - - - (203) (203) (49) (252) As of June 30, 2026 495,811,080 149 ‑ (1,417) 365 (20) (127) 1,186 303 67,656 68,095 1,599 69,694 As of Dec. 31, 2024 500,341,700 150 53 (603) 2,881 ‑ (161) 1,173 218 63,806 67,517 1,770 69,287 Gains and losses recognized in equity (3,059) (67) 527 (1) (2) (2,601) (121) (2,722) Net profit 5,698 5,698 217 5,915 Comprehensive i ncome ‑ ‑ ‑ (3,059) (67) 527 (1) (2) 5,698 3,097 96 3,193 Expenses related to bonus share and similar plans 69 69 2 71 (Acquisition)/Disposal of LVMH shares - - - (1,644) - - - - - (12) (1,655) - (1,655) Retirement of LVMH shares (200,000) (53) 121 (68) - - - Capital increase in subsidiaries - - - - - - - - - - - 2 2 Interim and final dividends paid - - - - - - - - - (3,734) (3,734) (233) (3,968) Changes in control of consolidated entities - - - - - - - - - - - - - Acquisition and disposal of minority interests’ shares - - - - - - - - - (66) (66) (2) (68) Purchase commitments for minority interests’ shares - - - - - - - - - 68 68 (54) 14 As of June 30, 2025 500,141,700 150 ‑ (2,126) (178) (67) 365 1,172 217 65,761 65,295 1,580 66,875 9/11
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The notes to consolidated accounts are included in 2026 interim financial report, available on our Internet site www.lvmh.com L VMH – NOTES CONSOLIDATED CASH FLOW STATEMENT (EUR millions) Notes June 30, 2026 Dec. 31, 2025 June 30, 2025 I. O PERATING ACTIVITIES Operating profit 8,714 17,099 8,998 (Income)/Loss and dividends received from joint ventures and associates 8 (17) 13 (9) Net increase in depreciation, amortization and provisions 1,767 4,858 1,866 Depreciation of right-o f-u se assets 7.1 1,550 3,143 1,595 Other adjustments and computed expenses 41 (172) (163) Cash from operations before changes in working capital 12,055 24,941 12,287 Cost of net financial debt: interest paid (139) (290) (104) Lease liabilities: interest paid (252) (545) (269) Tax paid (1,571) (4,656) (2,043) Change in working capital 15.2 (2,446) (576) (1,990) Net cash from/(used in) operating activities 7,647 18,874 7,881 II. I NVESTING A CTIVITIES Operating investments 15.3 (2,061) (4,567) (2,360) Purchase and proceeds from sale of consolidated investments 2 326 149 21 Dividends received 1 21 1 Tax paid related to non-c urrent available for sale financial assets and consolidated investments - - - Purchase and proceeds from sale of non-c urrent available for sale financial assets 9 (68) (243) (114) Net cash from/(used in) investing activities (1,802) (4,640) (2,452) III. F INANCING A CTIVITIES Interim and final dividends paid 15.4 (3,991) (7,123) (4,060) Purchase and proceeds from sale of minority interests (329) (1,091) (68) Other equity-r elated transactions 15.4 (1,658) (1,634) (1,239) Proceeds from borrowings 19 1,917 2,095 2,319 Repayment of borrowings 19 (1,815) (4,228) (2,289) Repayment of lease liabilities 7.2 (1,486) (2,974) (1,489) Purchase and proceeds from sale of current available for sale financial assets 14 (300) 59 59 Net cash from/(used in) financing activities (7,662) (14,896) (6,767) IV. E FFECT OF EXCHANGE RATE CHANGES 36 (248) (117) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (I+II+III+IV) (1,781) (910) (1,455) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15.1 8,359 9,269 9,269 CASH AND CASH EQUIVALENTS AT END OF PERIOD 15.1 6,578 8,359 7,814 TOTAL TAX PAID (1,682) (4,901) (2,157) Alternative performance measure The following table presents the reconciliation between “Net cash from operating activities” and “Operating free cash flow” for the periods presented: (EUR millions) June 30, 2026 Dec. 31, 2025 June 30, 2025 Net cash from operating activities 7,647 18,874 7,881 Operating investments (2,061) (4,567) (2,360) Repayment of lease liabilities (1,486) (2,974) (1,489) Operating free cash flow (a) 4,100 11,333 4,032 (a) U nder IFRS 16, fixed lease payments are treated partly as interest payments and partly as principal repayments. For its own operational management purposes, the Group treats all lease payments as components of its “Operating free cash flow”, whether the lease payments made are fixed or variable. In addition, for its own operational management purposes, the Group treats operating investments as components of its “Operating free cash flow”. 10/11
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LVMH LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Bodega Numanthia, Ao Yun, Château d’Esclans, Château Galoupet, Joseph Phelps and Château Minuty. Its Fashion a nd Leather Goods division includes Louis Vuitton, Christian Dior, Celine, Loewe, Kenzo, Givenchy, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Loro Piana, RIMOWA, Patou, Barton Perreira and Vuarnet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by Rihanna, Maison Francis Kurkdjian and Officine Universelle Buly. LVMH's Watches and Jewelry division comprises Bulgari, TAG Heuer, Tiffany & Co, Chaumet, Zenith, Fred, Hublot and l’Epée. LVMH is also active in Selective Retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Groupe Les Echos-Le Parisien, Paris Match, Cova, Le Jardin d’Acclimatation, Royal Van Lent, Belmond and Cheval Blanc hotels. “This document may contain certain forward-looking statements which are based on estimations and forecasts. By their nature, these forward- looking statements are subject to important risks and uncertainties and factors beyond our control or ability to predict, in particular those described in LVMH’s Universal Registration Document which is available on the website ( www.lvmh.com). These forward-looking statements should not be considered as a guarantee of future performance, the actual results could differ materially from those expresse d or implied by them. The forward-looking statements only reflect LVMH’s views as of the date of this document, and LVMH does not undertake to revise or update these forward-looking statements. The forward-looking statements should be used with caution and circumspection and in no event can LVMH and its Management be held responsible for any investment or other decision based upon such statements. The information in this document does not constitute an offer to sell or an invitation to buy shares in LVMH or an invitation or inducement to e ngage in any other investment activities.” LVMH CONTACTS Analysts and investors Rodolphe Ozun LVMH + 33 1 44 13 27 21 Media Jean-Charles Tréhan LVMH + 33 1 44 13 26 20 MEDIA CONTACTS France Charlotte Mariné / +33 6 75 30 43 91 Axelle Gadala / +33 6 89 01 07 60 Publicis Consultants + 33 1 44 82 46 05 France Michel Calzaroni / + 33 6 07 34 20 14 Olivier Labesse / Hugues Schmitt / Thomas Roborel de Climens / + 33 6 79 11 49 71 Italy Michele Calcaterra / Matteo Steinbach SEC and Partners + 39 02 6249991 UK Hugh Morrison / Charlotte McMullen Montfort Communications + 44 7921 881 800 US Nik Deogun / Eleanor French Brunswick Group + 1 212 333 3810 China Daniel Jeffreys Deluxewords + 44 772 212 6562 + 86 21 80 36 04 48 11/11