LVMH : Robust full-year figures, impressive momentum in fashion and leather
>Deceptive full-year results: largely in line on the face of it but a combination of negative factors are more than offset by the dynamic trend in fashion and leather - It is tempting to just do a surface-level analysis of the group’s full-year results: organic sales growth of +8% in Q4 came in more or less in line with expectations but slowed relative to the 11% the previous quarter, full-year operating profit (€ 11.5bn) exceeded expectations but only just (consensus...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.
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