LVMH: AVAILABILITY OF THE MANAGEMENT REPORT AND PARENT COMPANY ACCOUNTS. DATE OF FIRST QUARTER 2020 REVENUE PUBLICATION
March 27 2020 - 2:56PM
LVMH: AVAILABILITY OF THE MANAGEMENT REPORT AND PARENT
COMPANY ACCOUNTS. DATE OF FIRST QUARTER 2020 REVENUE PUBLICATION
Paris, March 27, 2020
LVMH Moët Hennessy Louis Vuitton announces the
availability of the Management Report of the Board of Directors and
the parent company accounts for the period ending December 31st,
2019. These elements complete the Group’s Consolidated Financial
Statements for the same period which have been available since
February 3rd, 2020. These documents can be consulted under the
Publications section of the Group’s website (www.lvmh.com).
The Management Report for the Group includes in
section 9 a paragraph entitled «Recent developments and prospects »
which is reproduced below:« In a particularly uncertain
environment, the Group will maintain a strategy focused on the
preservation of the value of its brands, supported by the
exceptional quality of its products and reactivity of its teams. In
the short term, the measures taken by public authorities to combat
the Covid-19 pandemic have resulted in the closure of production
sites and stores in several countries which will have an impact on
the group’s results. This impact cannot be accurately calculated at
this time without knowing the timing of a return to normal in these
countries. »
Finally, the Group notes that it will publish
its Consolidated Revenue for the first quarter on Thursday, April
16th after the close of the Paris market. The figure is not known
today, but it can be reasonably expected that it will decrease in a
range between 10 and 20% compared to the same period last year.
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 Ponsardin, 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, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun. Its
Fashion and Leather Goods division includes Louis Vuitton,
Christian Dior Couture, Celine, Loewe, Kenzo, Givenchy, Pink
Shirtmaker, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas
Kirkwood, Loro Piana, RIMOWA, Patou and Fenty. 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 and Maison Francis Kurkdjian. LVMH's Watches and Jewelry
division comprises Bvlgari, TAG Heuer, Chaumet, Dior Watches,
Zenith, Fred and Hublot. LVMH is also active in selective retailing
as well as in other activities through DFS, Sephora, Le Bon Marché,
La Samaritaine, Groupe Les Echos, Cova, Le Jardin d’Acclimatation,
Royal Van Lent, Belmond and Cheval Blanc hotels.
LVMH CONTACTS
Analysts and investors Chris
Hollis LVMH + 33 1 44 13 21 22 |
Media Jean-Charles
Tréhan LVMH + 33 1 44 13 26 20 |
MEDIA CONTACTS |
|
France Brune Diricq / Charlotte
Mariné Publicis Consultants + 33 1 44 82 47 20 |
France Michel Calzaroni / Olivier
Labesse / Hugues Schmitt / Thomas Roborel de Climens DGM
Conseil + 33 1 40 70 11 89 |
Italy Michele Calcaterra, Matteo
Steinbach SEC and Partners + 39 02 6249991 |
UKHugh Morrison, Charlotte McMullen Montfort
Communications + 44 7921 881 800 |
US James Fingeroth, Molly Morse, Anntal
Silver Kekst & Company + 1 212 521 4800 |
China Daniel
Jeffreys Deluxewords +44 772 212 6562 +86
21 80 36 04 48 |
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