A financial analysis of the overall firm between 2012 and 2015 that should include at a minimum: revenue growth rate and trends, profitability levels (ex as percentages) and trends, and an assessment of the firms financial position based upon the most recent financials in the case study

EXHIBITI LVMH Income Statements, 2011-2015 (in millions of euros, except per share amounts) 2015 2014 2013 2012 2011 28,103 9.917 18.186 10.101 2,164 23,569 8,092 15,567 8,360 1,944 Revenue Cost of sales Gross margin Marketing and selling expenses General and administrative expenses Income foss) from joint ventures and associates Profit from recurring operations Other operating income (expenses) Operating profit Cost of net financial debt Other financial income (expenses) Ne financial income (expense) Income taxes Net profit before minority interests Minority interests 35.664 12.553 23,111 13,830 2.663 13 6,605 (221) 6,384 78 (336) (413) 1.969 4.001 428 3.573 7.11 7.08 30,638 10,801 19,837 11,744 2,373 5 5,715 (284) 5,431 115 3,062 2,947 2.273 6,105 457 5,648 11.27 11.21 29,016 9,997 19,019 10,767 2.212 23 6,017 (119) 5,898 101 (97) (198) 1,753 3,947 511 3,436 6.87 6.83 5,921 (182) 5,739 140 126 (10) 1,820 3.909 485 3,424 6.86 6.82 5,263 (109) 5,154 151 -91 (236) 1.453 3,465 400 3,065 6.27 6.23 Na profit Eamings per share, basic Earnings per share, diluted ce LVMH annual reports % Year 2 % Year 3 % Year 1 Sales Yr/Yr growth Cost Gross Profit Yr/Yr growth Expenses Sales R&D G&A Operating Profit Yr/Yr growth Interest Other Income Taxes Net Income Yr/Yr growth