Report
Jean Danjou

LVMH : Activité clairement à la peine, les temps sont désormais difficiles mais nous ne perdons pas espoir

>CA T3 4% sous les attentes avec Mode et Maroquinerie à -5% en org - Avec un CA pour le trimestre ressortant à 19 076 M€ (nous attendions 20 056 M€, le consensus FactSet indiquait 19 886 M€), la croissance organique du groupe au T3 passe en négatif à -3% après +1% au trimestre précédent, nous attendions +1.5% et le consensus reflétait +0.8%. Chez Mode et Maroquinerie, la division emblématique du groupe, le CA baisse de 5% à tcc après +1% au T2, notre prévision était u...
Underlying
LVMH Moet Hennessy Louis Vuitton SE

LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

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