[PDF] Mise en page 1 Feb 3 2015 SIMPLIFIED ORGANIZATIONAL

View - Download Mise en page 1

Previous PDF

Next PDF

TRANSLATION OF THE FRENCH

DOCUMENT DE RÉFÉRENCE

FISCAL YEAR ENDED DECEMBER 31, 2014

CONTENTS

HISTORY1

FINANCIAL HIGHLIGHTS2

EXECUTIVE AND SUPERVISORY BODIES; STATUTORY AUDITORS 5 SIMPLIFIED ORGANIZATIONAL CHART OF THE GROUP AS OF JANUARY 31, 2015 6

BUSINESS DESCRIPTION9

WINES AND SPIRITS10

FASHION AND LEATHER GOODS 14

PERFUMES AND COSMETICS16

WATCHES AND JEWELRY18

SELECTIVE RETAILING19

OTHER ACTIVITIES21

MANAGEMENT REPORT OF THE BOARD OF DIRECTORS 23

LVMH GROUP23

PARENT COMPANY: LVMH MOËT HENNESSY-LOUIS VUITTON 47

HUMAN RESOURCES69

LVMH AND THE ENVIRONMENT 87

REPORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS 103

FINANCIAL STATEMENTS117

CONSOLIDATED FINANCIAL STATEMENTS 117

PARENT COMPANY FINANCIAL STATEMENTS: LVMH MOËT HENNESSY-LOUIS VUITTON 189

OTHER INFORMATION221

GOVERNANCE221

GENERAL INFORMATION REGARDING THE PARENT COMPANY; STOCK MARKET INFORMATION 251 RESOLUTIONS FOR THE APPROVAL OF THE COMBINED SHAREHOLDERS MEETING OF APRIL16,2015 259 RESPONSIBLE COMPANY OFFICER; FINANCIAL INFORMATION 277

TABLES OF CONCORDANCE281

This document is a free translation into English of the original French Document de référenceŽ, hereafter referred to as the

Reference DocumentŽ. It is not a binding document. In the event of a con?ict in interpretation, reference should be made to

the French version, which is the authentic text.

14th century 1365 Domaine du Clos des Lambrays

16th century 1593 Château dYquem

18th century 1729 Ruinart

1743 Moët & Chandon

1765 Hennessy

1772 Veuve Clicquot

1780 Chaumet

19th century 1815 Ardbeg

1817 Cova

1828 Guerlain

1832 Château Cheval Blanc

1843 Krug

Glenmorangie

1846 Loewe

1849 Royal Van Lent

1852 Le Bon Marché

1854 Louis Vuitton

1858 Mercier

1860 TAG Heuer

Jardin dacclimatation

1865 Zenith

1870 La Samaritaine

1884 Bvlgari

1895 Berluti

1897 Franck et Fils

20th century 1908 Les Echos

1916 Acqua di Parma

1924 Loro Piana

1925 Fendi

1936 Dom Pérignon

Fred

1942 Rossimoda

1945 Céline

1947 Parfums Christian Dior

Emilio Pucci

1951 Wen Jun

1952 Givenchy

Connaissance des Arts

1957 Parfums Givenchy

1958 Starboard Cruise Services

1959 Estates & Wines

1960 DFS

Bodegas Chandon

1969 Sephora

1970 Kenzo

1972 Parfums Loewe

1974 Investir-Le Journal des Finances

1975 Montres Dior

Ole Henriksen

1976 Benet

1977 Newton

Cape Mentelle

1980 Hublot

1982 Radio Classique

1984 Thomas Pink

Marc Jacobs

Donna Karan

Make Up For Ever

1985 Cloudy Bay

1988 Kenzo Parfums

1991 Fresh

1993 Belvedere

1998 Numanthia Termes

1999 Terrazas de los Andes

Cheval des Andes

21st century 2001 De Beers Diamond Jewellers

2004 Nicholas Kirkwood

2005 Edun

2007 Nude

2010 Parfums Fendi

HISTORY

Although the history of the LVMH group began in 1987 with the merger of Moët Hennessy and Louis Vuitton, the roots of the Group

actually stretch back much further, to eighteenth-century Champagne, when a man named Claude Moët decided to build on the

work of Dom Pérignon, a contemporary of Louis XIV; and to nineteenth-century Paris, famous for its imperial celebrations, where

Louis Vuitton, a craftsman trunk-maker, invented modern luggage. Today, the LVMH group is the world"s leading luxury goods

company, the result of successive alliances among companies that, from generation to generation, have successfully combined

traditions of excellence and creative passion with a cosmopolitan ?air and a spirit of conquest. These companies now form a powerful,

global group in which the historic companies share their expertise with the newer brands, and continue to cultivate the art of growing

while transcending time, without losing their soul or their image of distinction.

From the 14th century to the present

12014 Reference Document

FINANCIAL HIGHLIGHTS

Key consolidated data

(EURmillions and percentage) 2014 2013

(1) (2) (3) 2012
(1) (2)

Revenue 30,638 29,016 27,970

Profit from recurring operations 5,715 6,017 5,924

Net profit 6,105

(a)

3,947 3,909

Net profit, Group share 5,648

(a)

3,436 3,425

Cash from operations before changes in working capital (b)

7,080 7,277 6,957

Operating investments 1,775 1,657 1,694

Free cash flow

(c)

2,832 3,057 2,421

Total equity

(d)

23,003 27,907 25,508

Net financial debt

(e)

4,805 5,309 4,233

Net financial debt / Total equity ratio 21% 19% 17%

(a) Of which 2,677millioneuros resulting from the distribution of Hermès shares. (b) Before tax and interest paid. (c) Net cash from operating activities and operating investments. (d) Including minority interests. (e) Excluding purchase commitments for minority interests included in Other non-current liabilities.

Data per share

(EUR) 2014 2013 2012

Earnings per share

Basic Group share of earnings per share 11.27

(f)

6.87 6.86

Diluted Group share of earnings per share 11.21

(f)

6.83 6.82

Dividend per share

Interim 1.25 1.20 1.10

Final 1.95 1.90 1.80

Gross amount paid for fiscal year

(g) (h)

3.20 3.10 2.90

(f) Of which 5.34euros per share (5.31euros per share after dilution) resulting from the distribution of Hermès shares.

(g) Gross amount paid for fiscal year, excluding the impact of the tax regulations applicable to the beneficiary.

(h) For fiscal year 2014, amount proposed at the Shareholders Meeting of April16, 2015.

Information by business group

(EURmillions) 2014 2013

(1) 2012
(1)

Revenue by business group

Wines and Spirits 3,973 4,173 4,122

Fashion and Leather Goods 10,828 9,883 9,926

Perfumes and Cosmetics 3,916 3,717 3,613

Watches and Jewelry 2,782 2,697 2,750

Selective Retailing 9,534 8,903 7,843

Other activities and eliminations (395) (357) (284)

Total 30,638 29,016 27,970

Profit from recurring operations by business group

Wines and Spirits 1,147 1,367 1,256

Fashion and Leather Goods 3,189 3,135 3,257

Perfumes and Cosmetics 415 414 408

Watches and Jewelry 283 367 336

Selective Retailing 882 908 860

Other activities and eliminations (201) (174) (193)

Total 5,715 6,017 5,924

22014 Reference Document

(1) The financial statements as of December 2013 and 2012 have been restated to reflect the retrospective application as of January 1, 2012 of IFRS 11 Joint Arrangements. See Note 1.2 of

the consolidated financial statements.

(2) Taking into account the amended presentation of dividends received and income tax paid starting in 2014. See Note 1.4 of the consolidated financial statements.

(3) The consolidated balance sheet as of December 31, 2013 has been restated to reflect the finalized purchase price allocation for Loro Piana. See Note 2 of the consolidated financial

statements.

Information by geographic region

(as percentage) 2014 2013

(1) 2012
(1)

Revenue by geographic region of delivery

France 10 11 11

Europe (excluding France) 19 19 19

United States 24 23 23

Japan 7 7 9

Asia (excluding Japan) 29 30 28

Other markets 11 10 10

Total 100 100 100

Revenue by invoicing currency

Euro 23 23 24

US dollar 29 28 28

Japanese yen 7 7 8

Hong Kong dollar 8 8 6

Other currencies 33 34 34

Total 100 100 100

Number of stores 2014

(i)

2013 2012

France 467 443 412

Europe (excluding France) 995 926 910

United States 708 669 644

Japan 412 370 370

Asia (excluding Japan) 870 749 670

Other markets 256 227 198

Total 3,708 3,384 3,204

(i) Of which 122 additional stores as a result of the integration of Loro Piana.

32014 Reference Document

42014 Reference Document

Board of

Directors

(a)

Bernard Arnault

Chairman and Chief Executive Of?cer

Pierre Godé

Vice-Chairman

Antonio Belloni

Group Managing Director

quotesdbs_dbs48.pdfusesText_48

[PDF] organigramme lvmh 2016

[PDF] organigramme ministère de l'habitat maroc

[PDF] organigramme moet hennessy

[PDF] organigramme portail automatique

[PDF] organigramme portail coulissant

[PDF] organigramme techno 3eme

[PDF] organigramme technologie 4ème

[PDF] organigramme type agence de communication

[PDF] Organigramme: développement du sexe depuis La fécondation et jusqu'? la puberté

[PDF] organisation

[PDF] Organisation administrative

[PDF] organisation administrative d une université

[PDF] organisation administrative du travail

[PDF] Organisation Bac de français

[PDF] organisation comptable dune entreprise pdf