Report
Jean Danjou

LVMH : Une profitabilité record au S1 qui devrait perdurer

>La croissance à deux ans accélère encore au T2 mais la vraie nouvelle vient des marges : l’EBIT S1 ressort plus de 15% au-dessus des attentes - Le groupe bat modérément les attentes sur le CA S1 (28 665 M€ contre une prévision ODDO BHF peu éloignée du consensus à 28114 M€ soit un écart de c. +2%) avec une croissance à deux ans de l’activité à cc qui progresse encore séquentiellement au T2 à +14% contre +8% au T1 mais c’est au niveau de la profitabilité opérationnell...
Underlying
LVMH Moet Hennessy Louis Vuitton SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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