LVMH : Impressive points of resilience
>Drop in Q1 sales not quite as bad as expected and fashion & leather goods was relatively spared - LVMH’s Q1 sales were not quite as expected, coming in at € 10.6bn, i.e. a decline of -15% on a reported basis with an organic contraction of -17% (we were expecting an organic contraction of -19% and the consensus was close to -18%). There is a significant – and greater-than-expected – contrast between a fairly modest drop given the conditions for fashion & leather goods...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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