Louis Vuitton 2007 Annual Report Download - page 14

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The
LVMH
share
12
ment in September and October following rate
cuts decided by the US Federal Reserve, poor
earnings from financial institutions again crea-
ted a climate of mistrust in the markets. In this
environment marked by uncertainty and an
increase in the price of risk, the European markets
closed the year up 1.3% for the CAC 40 and 6.8%
for the DJ-Eurostoxx 50.
The LVMH share resisted the tensions in the
second half well thanks to solid activity conside-
red to be less sensitive to the slowdown in US
consumption. Thus, LVMH ended the year up 3.4%
at 82.68 euros.
As of December 31, 2007, the market capitaliza-
tion of LVMH was 40.5 billion euros, ranking it
eleventh in the CAC 40.
LVMH is included in the major French and
European indices used by fund managers:
CAC 40, DJ-EuroStoxx 50, MSCI Euro, FTSE-
Eurotop 100.
The LVMH share is listed for trading on Euronext
Paris (Reuters Code: LVMH.PA, Bloomberg Code:
MC FP, ISIN Code: FR0000121014). In addition,
negotiable options on LVMH shares are traded
on Euronext.liffe.
Total return for shareholders
An LVMH shareholder who invested 1,000 euros
on January 1, 2003 would have 2,260 euros as of
December 31, 2007, on the basis of dividend rein-
vestment in stocks. In five years, the investment
would have offered an average annual return of
about 18%.
10
20
30
40
50
60
70
80
90
DNOSAJJMAMFJDNOSAJJMAMFJDNOSAJJMAMFJDNOSAJJMAMFJDNOSAJJMAMFJ
0
2,000,000
4,000,000
6,000,000
Changes in LVMH share price
After a positive first half, the stock markets were
heavily impacted in the summer by the financial
crisis that started in the United States. Higher
interest rates and declining housing values in this
country generated a progression of payment
defaults on high-risk residential mortgage loans
(known as “subprime” loans), triggering a crisis
of confidence that extended to the credit markets,
the money markets and the equity markets in
the United States and Europe. After an improve-
AGENDA
Thursday, February 6, 2008 Publication of 2007 revenue and annual results
April 2008 Publication of 2008 first quarter revenue
Thursday, May 15, 2008 Annual Shareholders’ Meeting
Friday, May 23, 2008 Payment of the balance of the dividend for 2007
(last trading day with dividend rights: May 19, 2008)
July 2008 Publication of 2008 half year revenue and results
October 2008 Publication of 2008 third quarter revenue
2003 2004 2005 2006 2007
Comparison of LVMH share price and the CAC 40 since January 1, 2003
Trading Volume LVMH CAC 40 Average monthly volume