LVMH : What’s surprising about Q1 is the lack of any real surprises
>Organic growth in the quarter reflects the slowdown that was expected - Compared to H2 2023 when it was close to 10%, the group’s organic growth slowed to +3% for Q1 2024, with reported sales of € 20.694bn (reported growth of -2%). We had expected organic growth of +2.8% based on sales of € 20.88bn and the pre-announcement Factset consensus showed a sales estimate of close to € 21.029bn. Depending on forex and scope effects, the release is in line. Indeed, there is ...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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