Jean-jacques Guiony on China
From 60 SECONDS with Jean Jacques Guiony (CFO, LVMH) · · LVMH
“This could be a year that will remain, in my opinion, influenced by Chinese customers.”
On , Jean-jacques Guiony, CFO at LVMH, spoke about China during 60 SECONDS with Jean Jacques Guiony (CFO, LVMH) on LVMH.
About Jean-jacques Guiony
In a 2019 interview, LVMH CFO Jean-Jacques Guiony discussed the company's financial performance and outlook. He stated that LVMH had achieved 10 billion euros in profit from recurring operations and exceeded 150 billion euros in market capitalization for the first time, with a dividend of 6 euros per share. Guiony described the outlook as good, characterizing the company's stance as "prudently optimistic or optimistic with a certain prudence." Guiony identified Chinese customers as a likely influence on the coming year and noted that LVMH would be integrating a new luxury hotels activity. He also said the year would be shaped by politics and economic factors that could affect results. Reflecting on 2018, Guiony cited the announcement of half-year results as a positive memory, stating that the company's efforts were validated and that this was not the case for everyone in the industry. He expressed a personal fondness for the luxury industry, calling it "absolutely extraordinary" and describing working in finance within it as "a luxury."