LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMHF) Q2 2020 Results - Earnings Call Transcript

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LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCPK:LVMHF) Q2 2020 Earnings Conference Call July 27, 2020 12:00 PM ET

Company Participants

Jean-Jacques Guiony - Chief Financial Officer

Chris Hollis - Group’s Head of Investor Relation

Conference Call Participants

Edouard Aubin - Morgan Stanley

Antoine Belge - HSBC

Luca Solca - Bernstein

Oliver Chen - Cowen

Omar Saad - Evercore ISI

Marion Boucheron - MainFirst

Louise Singlehurst - Goldman Sachs

Charmaine Yap - Redburn

Operator

Ladies and gentlemen welcome to the LVMH 2020 First Half Results Conference Call. I now hand over to Mr. Jean-Jacques Guiony. Sir, please go ahead.

Jean-Jacques Guiony

Thank you. Ladies and gentlemen, good afternoon and welcome to this conference call. I am Jean-Jacques Guiony, I’m the CFO of the LVMH Group. Before I begin, I must remind you that certain information to be discussed in today’s call is forward-looking and is subject to important risks and uncertainties that could cause results to differ materially. For this, I refer you to the safe harbor statement included in our press release.

Let’s now move to today’s topic, the first half figures. After a brief discussion on the first half highlights, Chris Hollis, Group’s Head of Investor Relation will cover the main developments of our different business groups. I shall then comment on the main figures. And after this, both Chris and I will be available for your questions. The press release is available on our website, as well as the slides for today's presentation and the interim financial reports.

Moving to the first slide of the presentation, I would say that the first half of 2020 was complicated, but shows LVMH’s resilience in a very adverse environment. We shall go into some details, but the main point in my view to bear in mind should be on the negative side, the impact

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