LVMH : Record profitability in H1 that should continue
>Two-year growth accelerated further in Q2 but the real news was in margins: H1 EBIT came in more than 15% higher than forecast - The group reported a moderate H1 sales beat (€ 28,665m versus an ODDO BHF estimate not far from the consensus at € 28,114m, i.e. a gap of around +2%) with two-year growth in sales at constant currencies that again improved sequentially in Q2 at +14% versus +8% in Q1, but the operating profitability level is where the major difference was, ...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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