immagine del profilo
However, LVMH missed the profit expectation. Higher sales and marketing costs 🙌
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immagine del profilo
@Daniele5991 Yes, that's true. But sales are growing, and I think that's a bit more important in this case. That many had some problems with profits in 2022 is nothing new.
immagine del profilo
@MitVerstandzumKapital That's right, of course. I also have LVMH in my portfolio. Luxury goods did really well last year. But was still punished today 😟
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immagine del profilo
@Daniele5991 Yes, that is also the outlook. But it is also clear that the profit has shrunk. But this will not be sustainable, because growth is also important for many people.
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