Report
Jean Danjou

LVMH : Conjoncture moins favorable, un peu plus de prudence dans nos prévisions

>Trop tôt pour tabler sur une amélioration de la tendance, le T4 devrait refléter des croissances ralenties et les marges devraient rester sous pression au S2 - Le groupe ne se hasarde pas à un pronostic sur le T4 alors qu’il reste encore des semaines décisives à venir le concernant mais nous comprenons qu’il n’y a pas lieu de tabler à ce stade sur une amélioration de la situation générale après un T3 qui a montré une décélération visible de la croissance tant chez LV...
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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