LVMH : No surprises. Q3 2018 sales up +10%cc in line with consensus
>Q3 2018 sales up +10%cc in line with consensus - The Q3 2018 sales (€ 11,379m, +10%cc), in line with the consensus. In the breakdown of the Q3 2018 figures by region, Asia-Pacific was up 11%cc, Europe 10%cc, Japan 10%cc and the US 9%cc.Q3 2018 sales by division:Fashion & leather goods (€ 4,458m, +13%cc, 1% above our estimates).Wines & spirits (€ 1,294m, +7%cc, 2% above our estimates).Watches & jewellery (€ 1,043m, +10%cc, 1% below our estimat...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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