LVMH : T2 18 : solide croissance (+11.3%cc), sensible amélioration de la MOP (+290 pb)
>Un CA T2 18 à +11.3%cc, 1% en dessous du consensus et un ROC S1 2018 8% au-dessus. MOP à 21.4% (+290 pb) - Le CA T2 18 (10 895 M€, +11.3%cc) ressort 1% en dessous du consensus. La croissance organique est supérieure aux attentes mais l’effet négatif des devises également. Le ROC S1 2018 (4 648 M€, marge de 21.4%, +290 pb) ressort 8% au-dessus du consensus à 4 320 M€. La marge opérationnelle est largement supérieure aux attentes avec 21.4% contre 20.1% attendus. Par r...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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