2Wk·

LVMH with solid Q4 figures - ray of hope from Asia

Today $MC (+0.67%) published its figures for the fourth quarter - and surprisingly performed better than expected.

Turnover (expected): € 22.2 billion

Turnover (reported): € 22.7 billion

EPS (expected): € 21.40

EPS (reported): € 21.85

Despite the positive sales trend, there was a decline in operating profit of around 9%, which is primarily attributable to negative currency effects, higher costs and geopolitical burdens.

On a positive note, business in Asia, particularly in China, is showing signs of recovery. Local sales increased again in the quarter. This is a sign of hope after prolonged declines there.

How do you assess the current development? Do you see the latest development more as a short breather or are we seeing a turnaround, especially with the developments in China?

https://www.investing.com/news/stock-market-news/lvmh-fourthquarter-sales-beat-expectations-as-china-improves-4468163

3 Comments

PositivePossum@PositivePossum

2Wk

Thank you very much 🎩

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Tobias@Plusline

$MC looks interesting to me again. Nevertheless, I am often in China and can clearly see that Chinese luxury brands are becoming stronger and stronger. It will be interesting to see whether we can defend our position in this market in the long term (e.g. with acquisitions). But this is of course only a small personal excerpt.

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DividendenPapa@DividendenPapa

@Plusline Thank you for sharing your impressions from China. Such perspectives directly from the market are extremely exciting.

I also think it will be very interesting to see how the dynamic between international luxury groups and up-and-coming local brands develops. At $MC in particular, the question remains as to whether the company will strengthen its own market position in the region in the future through targeted acquisitions or partnerships, or whether it will continue to grow organically.

In any case, China is likely to remain a decisive factor for further development.

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