Bryan Garnier - LVMH (MC) As anticipated, LVMH set to report poor Q1 sales growth

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Bryan Garnier

Loic Morvan ...

Paul Rouviere

As anticipated, LVMH set to report poor Q1 sales growth

As expected, LVMH is set to report muted Q1 2024 sales growth (+3% organic) in view of the more challenging environment. The Wines & Spirits division is like to be down sharply (due to both champagne and cognac) while the Fashion & Leather division should report a LSD sales increase. We mai

21/03/2024 1 EN

Underlying

LVMH

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Provider

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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Analysts

Loic Morvan

Paul Rouviere

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As anticipated, LVMH set to report poor Q1 sales growth

On the shelves now: Consumer Weekly #48

LVMH: Q3 sales down 3%, a clear deceleration vs Q2 (+1%), mainly due to China

On the shelves now: Consumer weekly #42

Cinclus: agreement with the FDA on the iPSP

BICO: divests Nanoscribe for EUR26m in line with BICO 2.0 Strategy

Exclusive Networks: expanding into the US with Cloudrise acquisition

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