LVMH : Don’t underestimate the market leader
>LVMH’s recent performance does not reflect its above sector-average fundamentals - With luxury goods demand in this quarter set to remain robust and the prospect of 2-year growth for the sector as a whole remaining around the +25% level seen in Q3, we think that LVMH should to continue to stand out. In particular, the fashion and leather division (70-75% of the group’s profits) should continue to largely outperform the sector (our new forecasts for the division are d...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.
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.
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