Report
Jean Danjou

LVMH : La surprise du T1, c’est l’absence de vraies surprises

> La croissance organique sur le trimestre reflète le ralentissement qui était anticipé - Après un second semestre 2023 où elle s’affichait proche de 10%, la croissance organique du groupe ralentit à +3% pour le T1 2024 avec un CA publié à 20 694 M€ (croissance en publié à -2%). Nous attendions une croissance organique de 2.8% sur la base d’un CA de 20 880 M€ et le consensus FactSet avant publication faisait ressortir une estimation de CA voisine à 21 029 M€. Aux chan...
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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