LVMH : Secteur plus difficile, prévisions abaissées mais le titre est modérément valorisé désormais
>Nous adoptons un scénario plus prudent sur Mode et Maroquinerie : S2 2024 attendu à +1% avec une baisse de la marge à 37.5% et une croissance 2025 à 4% - L’évolution de la conjoncture de consommation en Chine laisse de plus en plus fortement à penser que le T3 a connu une dégradation persistante des ventes de luxe et il est à ce stade bien peu probable que la demande connaisse une amélioration significative sur le T4. Ceci nous incite désormais à attendre des recu...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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