Tonight presents LVMH
$MC (+0,9 %) presents its results for the 2024 financial year and Q4.
- Financial release after the close of the Paris stock exchange
- 18.00 Earnings Call via live webcast
https://www.lvmh.com/en/financial-calendar/2024-full-year-results
Analysts expect sales for the fourth quarter of 23.2 billion euros and earnings per share (EPS) of 17.44 euros [1].
For the full year 2024, turnover of 84.2 billion euros and EBITDA of 25.97 billion euros is forecast [2].
Morgan Stanley raised its rating for LVMH to "overweight" yesterday and set the target price at 820 euros (+14%). As a result, the share price rose by 3% and is moving back towards the 800 euro mark [1].
Market development:
The luxury sector recently experienced an upswing after Richemont $CFR (+0,89 %) the parent company of Cartier, presented impressive figures.
In the third quarter, which ended in December 2024, turnover rose by 10% to 6.15 billion euroswhich exceeded analysts' expectations [3].
The positive results also boosted other luxury brands such as LVMH, Kering $KER (+4,02 %) and Hermes $RMS (+0,8 %) [4].
The US market is expected to be a key driver of LVMH's growth, especially given the continued weakness of the Chinese market [5].
USA: A sustained recovery in demand is boosting sales.
China: The recovery is slower than expected, but competitors such as Burberry $BRBY (+5,1 %) are reporting stabilized sales.
Fashion & Leather Goods: Louis Vuitton and brands such as Loewe and Rimowa continue to perform strongly.
Risks in brief:
Morgan Stanley warns of potential burdens from tariffs on luxury goods or consumer restraint, particularly in China.
Should growth at Louis Vuitton stagnate, this could have a negative impact on the entire Group.
Portfolio:
LVMH is the second-largest single position in my portfolio after getquin Deepdive with just under 5%, consisting of direct and indirect investments, behind Bitcoin $BTC (-0,17 %) .
I am therefore looking forward to the results tonight and am betting on a strong Q4.
The battle for Europe's most valuable company continues... can LVMH still surprise and make the leap over the €800 mark or are expectations already priced in?
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Sources:
[1]
http://de.investing.com/equities/l.v.m.h.?
[2]
https://de.marketscreener.com/kurs/aktie/LVMH-4669/termine/
[3]
https://www.richemont.com/investors/results-reports-presentations/
[4]
https://www.investopedia.com/european-luxury-stocks-jump-on-richemont-record-quarterly-sales-8775521
[5]
