Report
Jean Danjou

LVMH : La croissance ne faiblit pas au T3, le groupe reste parmi les mieux armés pour la suite

>Un CA T3 près de 5% au-dessus des attentes, Mode & Maroquinerie accélère à +22% y/y tcc avec une Chine indiquée flat sur le trimestre - Le CA T3 de LVMH ressort à 19 755 M€ soit une croissance organique de 19% y/y, nous tablions sur 18 753 M€ +13% en org., le consensus Visible Alpha le plus récent était à 18 811 M€, la publication est donc près de 5% au-dessus des attentes. La croissance au T2 était à +19%, il n’y a donc pas de ralentissement d’un trimestre à l’autre...
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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