Bryan Garnier - LVMH: 2019, globally in line with expectations, despite slight slowdown in Q4 | BUY | EUR425(+6%)

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Bryan Garnier

Loic Morvan

LVMH: 2019, globally in line with expectations, despite slight slowdown in Q4 | BUY | EUR425(+6%)

LVMH - BUY | EUR425(+6%)
2019, globally in line with expectations, despite slight slowdown in Q4

Q4 slowdown coming from Japan and US.
Louis Vuitton and Dior are really star brands
Fashion & Leather profitability did very well in H2
We remain Buy on the stock

29/01/2020 5 EN

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Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Loic Morvan

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LVMH: 2019, globally in line with expectations, despite slight slowdown in Q4 | BUY | EUR425(+6%)

Median Technologies: EUR23.5m capital raise extends runway into Q4 2026

Ceconomy: walking down the aisle with JD.com and a €4.6 offer

Planisware: wait-and-see environment triggers profit warning

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