Louis Vuitton 2008 Annual Report Download - page 14

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LVMH010_2008_GB:Mise en page 1 24/03/09 11:11 Page 15
Comparison of the LVMH share price and the CAC 40 since January 1, 2008
Trading volume LVMH CAC 40
90
80
70
60
50
40
30
20
10
0
Average monthly volume
6,000,000
4,000,000
2,000,000
0
J F M A M J J A S O N D
The
LVMH
share
Changes in LVMH share price
The financial crisis that began at the end
of the first half of 2007 continued and
intensified in 2008. Primarily affecting
the credit markets and banks first, the
problems grew in dimension and type
following the bankruptcy of Lehman
Brothers bank in September. This
bankruptcy, in an already difficult envi-
ronment, led to a general loss of confi-
dence and paralysis on the financial
markets, with certain classes of inves-
tors then having to make forced asset
sales. Share prices, along with consumer
and business behavior, were heavily
impacted. Economic activity deteriora-
ted tangibly in the United States, Europe
and Japan, and even in the emerging
countries. In this context, the equity
markets, after several consecutive years
of growth (five in Europe), recorded one
of their most significant declines last
year.
Against this difficult backdrop, the LVMH
share price, after more than doubling in
five years, closed 2008 down 42%. In
comparison, the European CAC 40 and
Eurostoxx 50 indices recorded declines
of 43% and 44% respectively over the
period, while the American Dow Jones
Industrials index lost 34%.
The LVMH share price closed at 47.77
euros on December 31. LVMH’s market
capitalization was 23 billion euros,
making it eleventh in the Paris market.
LVMH is included in the major French
and European indices used by fund
managers: CAC 40, DJ-EuroStoxx 50,
MSCI Euro and FTSE-Eurotop 100. LVMH
is also included in the Global Dow, a new
index that lists the most innovative,
dynamic and influential companies.
The LVMH share is listed for trading on
the Euronext Paris Eurolist (Reuters
Code: LVMH.PA, Bloomberg Code: MC FP,
ISIN Code: FR0000121014). In addition,
negotiable options on LVMH shares are
traded on Euronext.liffe.
AGENDA
Thursday, February 5, 2009
publication of 2008 revenue and annual results
April 2009
publication of 2009 first quarter revenue
Thursday, May 14, 2009
Annual Shareholders’ Meeting
Monday, May 25, 2009
Payment of the balance of the dividend for 2008
(last trading day with dividend rights: May 19, 2009)
July 2009
Publication of 2009 half year revenue and results
October 2009
Publication of 2009 third quarter revenue
12