LVMH : Perspective incertaine, marges sous pression : confiance maintenue mais prévisions encore abaissées
>Le S1 montre sans surprise une croissance ralentie mais le recul de l’EBIT est un peu plus fort qu’attendu à -8% (nous avions -5%) - LVMH publie au titre du S1 un CA à 41677 M€ et un EBIT à 10653 M€, nous attendions respectivement 42124 M€ et 10996 M€ et le consensus Visible Alpha le plus récent reflétait 42221 M€ et 10998 M€. Le CA sort 1% sous les attentes, l’EBIT 3%. La croissance organique d’ensemble au T2 ressort à +1% après +3% au T1 (nous attendions +2.5%) et ...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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