trending Market Intelligence /marketintelligence/en/news-insights/trending/PHsDL5mVUp4jBb4iHzE1ig2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

LVMH H2 profit climbs 23.2% YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


LVMH H2 profit climbs 23.2% YOY

LVMH Moët Hennessy Louis Vuitton SE said its second-half normalized net income was €3.77 per share, compared with the S&P Capital IQ consensus estimate of €4.31 per share.

EPS rose 23.1% year over year from €3.07.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.91 billion, an increase of 23.2% from €1.55 billion in the prior-year period.

Total revenue increased 14.0% year over year to €18.96 billion from €16.63 billion, and total operating expenses climbed 13.3% year over year to €15.30 billion from €13.50 billion.

Reported net income fell 51.8% on an annual basis to €1.99 billion, or €3.95 per share, from €4.14 billion, or €8.20 per share.

For the year, the company's normalized net income totaled €6.66 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €7.36.

EPS rose 15.8% from €5.75 in the prior year.

Normalized net income was €3.36 billion, an increase of 16.0% from €2.90 billion in the prior year.

Full-year total revenue grew 16.4% from the prior-year period to €35.66 billion from €30.64 billion, and total operating expenses rose 16.4% year over year to €29.05 billion from €24.95 billion.

The company said reported net income declined 36.7% year over year to €3.57 billion, or €7.08 per share, in the full year, from €5.65 billion, or €11.21 per share.