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A photo on April 23, 2024 show a view of Lvmh Moet Luis Moet Hennessy Louis Vuitton SA, LVMH Moet Hennessy Louis Vuitton SA, LVMH Moet Luis Vuitton Luis Vuitton.
Julien de Pink | AFP | Getty Images
LVMH shares retreated on Wednesday when the largest luxury companies in the world were slightly better than expected, doubts in a wider recovery in the luxury sector.
Marken owner, including Louis Vuitton, Moët & Chandon and Hennessy Published income For 84.68 million euros ($ 88.27 billion), LSE analysts exceeded 84.38 million euros and equalizing more than 1% organic growth than the previous year.
LVMH shares fell by 6.42% at 9:02 am London. Sale of luxury goods Dry and Christian Dior It has fallen by 6.65% and 5.71%, respectively.
Investors have been looking for more confirmation in the luxury sector after the Cartier owner Richemont He reported the three-quarter-on-line sales figure on festive purchases. However, reducing LVMH sales in LVMH fashion and leather goods and wine and spirit segments, continuing pressure within the group.
Lvmh
“After the luxury sector’s report, the Q4 results of LVMH is seen as a proxy of the sector. However, the company had a relatively serious set of yesterday evening,” Mamta Valechha, a stylish discretion analyst of consumers.
On Tuesday LVMH was attributed to the growth of his income with the solid demand within retail retail division – Sephora – and a perfume and cosmetics. The growth in the US also promoted consumers in Europe and Japan, while the area of Asia Pacific is broader, and especially China – lagged.
The giant of French luxury goods is seen as a close style, as it has significant pressure in recent years in recent sales and macroeconomics of China.
“LVMH while he saw sequential improvement, it wasn’t so remarkably compared to Richemont and Burberry” Quilter Cheviot’s Valechha continued. “Lvmh has been informed of this profit season, this set of results would be well digested. However, classmates set a high bar, so it’s not surprising to see his shares this morning.”
Shares are currently about 14% in LVMH. Monthly, the team passed a huge pharmacy of Denmark Novo Nordisk To restore the degree of the most valuable European company.
