LVMH : Update for end of Q2 - group’s relative performance should be respectable, but outlook for sector still complicated
>We are maintaining our scenario of a drop of almost 40% in Q2 sales, which might prove to be an outperformance relative to peers - We are leaving our Q2 sales forecasts for the group unchanged for the time being. We have understood that the pick-up in sales in China, and in Korea to a lesser extent, was brisk in fashion & leather goods. As such, the division might not have underperformed the group as a whole during the quarter that has just come to an end. Dior and ...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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