LVMH Moet Hennessy Louis Vuitton SE (XSWX:MC)
CHF 1000 0 (0%) Market Cap: 275.59 Bil Enterprise Value: 304.71 Bil PE Ratio: 21.21 PB Ratio: 4.57 GF Score: 98/100
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Full Year 2019 LVMH Moet Hennessy Louis Vuitton SE Earnings Call Transcript

Jan 28, 2020 / 05:00PM GMT
Release Date Price: CHF455
Bernard Arnault;t Hennessy;Louis Vuitton;tÃ;EuropÃ;enne;Chairman
LVMH MoÃ;SociÃ

«- - ©©©-

Good evening to you all. I'm delighted to welcome you here to talk about the results for 2019 and a word about the outlook for 2020. 2019, you'll say that I'm perhaps repeating myself, but it's another record year, thanks to the team here. I'd like to immediately congratulate. We have managed to deliver a record in terms of figures. There are many analysts here interested in the figures, record in terms of revenue, up 15%. We've topped EUR 50 billion record in profit from recurring operations, EUR 11.5 billion profit from recurring operations. Very healthy financial situation, sharp improvement in free cash flow, and we've even managed to preserve a gearing of the order of 16%, the ratio between net debt and equity, in spite of a number of investments, including the investment in Belmond this year. And so 2019 in terms of figures is an excellent here.

Now if we explain that through the details of our

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