LVMH : The leader’s performance is still impressive at end-2021
>FY results beat expectations, F&L at +51% at 2 years in Q4 - LVMH’s full-year sales came in at € 64.215bn, with € 20.038bn in Q4 (we forecast € 62.312bn for the year, or € 18.135bn for Q4) and full-year EBIT came to € 17.151bn, or € 9.519bn in H2 (our forecast was full-year EBIT of € 16.348bn, or € 8.716bn in H2) – see details by division in tables below. Q4 sales were thus more than 10% above our expectations (close to the consensus) and H2 EBIT beat our forecast by...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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