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Full Year 2021 LVMH Moet Hennessy Louis Vuitton SE Earnings Call Transcript
«-
Ladies and gentlemen, good evening. We are gathered to review indirectly, since we are on Zoom, the results for the year 2021. I apologize for being on Zoom. Last year, we were already on Zoom, and I hope that next year this pandemic will have left us once and for all, and we will be able to work in our presence.
It's a very pleasant meeting. The results are pretty good. As you can see, in 2021, we achieved pretty good growth because revenue has reached almost EUR 64 billion, and profit from recurring operations over EUR 17 billion. Now this performance is all the more remarkable, I believe, that the year 2021 was heavily affected by the global pandemic.
Let me add that in terms of the results. We've achieved a remarkable level of operating free cash flow exceeding EUR 13 billion. Growth was strong, especially in Asia and in the United States, and it gradually recovered in Europe towards the end of 2021. And in fact, we saw an acceleration of growth in Q4 because in
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