LVMH Moet Hennessy Louis Vuitton Announces Revenue Results for the Fourth Quarter and Earnings Results for the Year 2013; Proposes Dividend, Payable on April 17, 2014
January 30, 2014 at 05:11 pm
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LVMH Moet Hennessy Louis Vuitton announced revenue results for the fourth quarter and earnings results for the year 2013. For the quarter, the company reported revenue of EUR 29,149 million compared to EUR 28,103 million a year ago.
For the year, the company reported net profit of EUR 3.44 billion (USD 4.7 billion) in 2013, up only 0.4% from EUR 3.42 billion in 2012. Sales growth slipped to 4% last year from 19% a year earlier, with the watches and jewelry and fashion and leather goods divisions posting lower year-on-year sales. Profit from recurring operations was EUR 5,921 million compared to EUR 6,021 million a year ago. Free cash flow was EUR 2,474 million compared to EUR 2,958 million a year ago.
At the Annual Shareholders, Meeting on April 10, 2014, the company will propose a dividend of EUR 3.10 per share, an increase of 7%. An interim dividend of EUR 1.20 per share was paid on December 3 of last year. The balance of EUR 1.90 per share will be paid on April 17, 2014.
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
LVMH Moet Hennessy Louis Vuitton Announces Revenue Results for the Fourth Quarter and Earnings Results for the Year 2013; Proposes Dividend, Payable on April 17, 2014