LVMH : Significant reacceleration in growth in Q1 with confirmed restart in China
>Q1 organic growth above 15%: +18% for F&L, +17% for the group - LVMH posted Q1 sales of € 21.035bn, with organic growth of +17% (we were at +9% in Q4). We forecast +8% at € 19.969bn and the most recent Visible Alpha consensus was € 19.915bn. The release thus beat expectations by close to +6%, a sizeable gap, and produced overall growth in excess of +15%, attesting to strong momentum. By geographic zone, sales showed growth of +24% in Europe (Q4: +22%), +14% in Asia P...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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