LVMH : Growth holding up in Q3, LVMH still among the best placed going forward
>Q3 sales close to +5% above expectations, fashion and leather reaccelerates to +22% y-o-y cc with China indicated as flat in the quarter - LVMH’s Q3 sales came in at € 19.755bn, with organic growth of +19% y-o-y, while we forecast € 18.753bn, +13% in organic terms, and the most recent Visible Alpha consensus was at € 18.811bn, which puts the release close to +5% above expectations; growth in Q2 was +19%, so there was no sequential slowdown. F&L sales came to +6%, a...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.
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