Bernard Arnault
Chairman and Chief Executive Officer, LVMH
Replay available
LVMH Moët Hennessy - Louis Vuitton (LVMHF) Q4 2025 Earnings Call
LVMH Moët Hennessy - Louis Vuitton (OTC: LVMHF) Q4 2025 earnings conference call, held 2026-01-27. Replay captured from the company's public earnings webcast.
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Jean-Jacques Guiony
Chief Financial Officer & Group Managing Director, LVMH
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:02.031 Good 00:00:03.237 -- 00:00:03.698 evening. 00:00:03.698 -- 00:00:09.308 I'm delighted to present to you the figures for 2025. 00:00:09.308 -- 00:00:16.117 To begin with, a good piece of news. I think we'll make it through the winter. 00:00:20.888 -- 00:00:22.888 The 00:00:23.271 -- 00:00:27.777 commentators had concerns, especially some journalists. 00:00:27.777 -- 00:00:34.303 I believe we can say more seriously that the results of the group are solid 00:00:34.826 -- 00:00:39.592 in a rather challenging, disrupted 00:00:39.592 -- 00:00:43.777 climate economically from the geopolitical standpoint. 00:00:43.777 -- 00:00:49.087 But we've managed to... get through this period 00:00:49.087 -- 00:00:54.102 2026 won't be simple either but 00:00:54.102 -- 00:00:59.779 one thing at a time so revenue just over 80 00:00:59.779 -- 00:01:01.928 billion let's 00:01:01.928 -- 00:01:06.713 states that it's twice what it was 10 years ago. 00:01:06.713 -- 00:01:08.535 Organic 00:01:08.535 -- 00:01:13.640 growth slightly negative on the year, but positive in the 00:01:13.640 -- 00:01:16.140 second half. 00:01:18.525 -- 00:01:24.989 CFO will tell you more about the figures. Operating margin at 22%, 00:01:25.011 -- 00:01:27.983 way above the average of the last 20 years. 00:01:27.983 -- 00:01:33.373 years, a negative foreign exchange impact, an impact that 00:01:33.373 -- 00:01:38.461 I don't think is going to improve this year for various reasons, and an 00:01:38.461 -- 00:01:44.388 economic context that is changing swiftly, 00:01:44.552 -- 00:01:48.139 disrupted, sometimes unforeseeable, 00:01:48.139 -- 00:01:50.663 and in spite of that, through 00:01:50.663 -- 00:01:52.065 management 00:01:52.065 -- 00:01:57.234 efforts and I'd like to thank the ex...