Key figures for the first half of 2026:

• Revenue: €38.6 billion

• Organic growth: +2%

• Growth accelerated to +3% in the second quarter

• Operating profit: €8.7 billion

• Net profit: €5.7 billion

• Free cash flow: €4.1 billion

• Operating margin: a strong 22.5%

I find it particularly exciting that momentum improved again in the second quarter. After a prolonged period of weakness, growth is returning—primarily thanks to strong demand in the U.S., a recovery at Dior, and outstanding results from Tiffany, Bulgari, and Sephora. (Reuters⁠)

Why I continue to view LVMH as exceptional in the long term:

LVMH doesn’t sell products—LVMH sells desirability. Brands like Louis Vuitton, Dior, Tiffany, Bulgari, TAG Heuer, Moët & Chandon, and Sephora have an enormous moat. These brands cannot simply be copied.

In addition:

• enormous pricing power

• billions in free cash flow

• one of the strongest balance sheets in Europe

• continuous dividend increases

• family-led management with a long-term perspective

Of course, the luxury business remains cyclical. When the global economy weakens, LVMH also faces headwinds. That’s exactly why I’m currently paying close attention to the return to growth—because it could mark the beginning of a new cycle. (Investing.com⁠)

For me, LVMH remains one of Europe’s highest-quality companies.

I’m not investing here for the next quarter—but for the next 10 to 20 years.

#LVMH
#LouisVuitton
#Dior
#Luxury
#Dividenden
#DividendGrowth
#Qualitätsaktien
#ValueInvesting
#Langfristig
#Cashflow
#Europa
#Aktien
#Börse
#Investieren
#Getquin

$MC (-0,14%)
$CDI (-0,86%)
$CHDRY (+1,48%)
$BRBY (+1,81%)
$MONC (+0,87%)
$1913 (+0%)

Hello everyone

How are you all doing? I hope you are well! 😃

I'd be interested to know which stocks are currently on your watchlist?

I currently have the following stocks on my watchlist:

Financials:

$SOFI (+1,37%) (I think they would be a good addition to Visa in my portfolio. Thanks for your analysis @Klein-Anleger)

Industrials:

$SIE (+2,7%), $SU (+2,44%) & $SIKA (+1,93%) (I am still looking for 1-2 stocks in the industrial sector. Siemens looks quite interesting at the moment).

Consumer:

$MC (-0,14%), $OR (+2,17%), $CDI (-0,86%) & $RMS (+2,23%) (A consumer share is actually still missing in my portfolio. But I don't think it's a good idea to buy something now under duress).

Other interesting companies/ ETFs:

I would also like to have a commodity ETF (silver, uranium & rare earths) and an EM ETF in my portfolio. $NFLX (-1,81%) is also very interesting.

Most recently I have $BV0Z6G (+0,83%) and 250 $SHEL (+0,22%) shares. $NOVO B (+1,09%) I bought more at a bad time, but will remain invested and buy more if necessary. At $IREN (-1,71%) I bought 100 more shares today.

I wish you all a successful day!

Best regards

Chris

When you talk about quality companies with structural growth, it's hard to avoid LVMH. For me, the Group is basically something like an actively managed ETF in the global luxury segment - only with real entrepreneurial leadership and a remarkable dividend history.

What makes LVMH special is the breadth of its portfolio. We're not talking about a single fashion brand here, but a diversified empire of fashion, leather goods, watches, jewelry, perfume, cosmetics and spirits.

The portfolio includes, among others:

• Louis Vuitton
  $MC (-0,14%)
• 
  Dior
  $CDI (-0,86%)

- Fendi

• Tiffany & Co.
• 
  Moët & Chandon
• 
  Hennessy

These brands have one thing in common: extreme pricing power. Anyone who believes that luxury is cyclical like normal retail is overlooking the crucial point - real luxury goods are status assets. And status rarely loses value, even if the economy fluctuates.

Structural growth instead of short-term hype

Prosperity in Asia continues to grow. The global upper-middle class is expanding. At the same time, luxury is becoming increasingly digital and global. LVMH is investing heavily in its own stores, brand staging and vertical integration - from production to the point of sale.

The result:

• High margins
• Strong cash flows
• Solid balance sheet
• Reliable dividend policy

And this in a business that has built up brand value over decades, which cannot simply be copied.

Dividend with substance

LVMH is not a high-yield stock, but the combination of growth and continuously rising dividends makes the share attractive in the long term. This is not a speculative story investment, but a global market leader with real substance.

Why I see it as a "luxury ETF"

Instead of valuing individual fashion brands or betting on trends, LVMH bundles numerous icons under one roof. Diversification within a premium segment - steered by a management that has proven for decades how to scale brands without diluting them.

For investors who:

• are looking for quality instead of a turnaround
• value global brand strength
• believe in rising prosperity
• like dividend growth

... LVMH is at least worth a closer look.

Not cheap, but quality has never been discounted.

$MC (-0,14%)
$LVMH
$LVMUY (-0,39%)
$CDI (-0,86%)
$RMS (+2,23%)
$1913 (+0%)
$MONC (+0,87%)

My $CDI (-0,86%) position in $ZTS (+2,02%) has been reallocated. I see significantly more growth potential and dividend growth here.

Today, after a long period of consideration, I have decided to part with $CDI (-0,86%) ... I have learned that it can also make sense to realize losses.

I now want to invest the money in shares that are better suited to my dividend growth strategy and show more growth. I am thinking of companies like $V (+2,75%)
$ZTS (+2,02%)
$NOVO B (+1,09%)
$6383 (+2,52%)
$VST (+2,92%)
$VRT (-0,41%)

Please share your opinion!

First of all: I don't want to talk down anyone's investments here. Everyone has their own strategy - that is important and right. Nevertheless, I am sharing my personal assessment of luxury stocks such as LVMH, Christian Dior, Moncler, Prada, etc.

In the years 2020 to 2023 - during and after the pandemic - the luxury sector experienced a real boom. Restrictions in everyday life, no restaurant visits, canceled vacations - many people suddenly had more money in their bank accounts that they actually wanted to spend. And what happened? The luxury companies' marketing machines were running at full speed. Influencers, FOMO, exclusivity - luxury became the new must-have.

T-shirts that might cost 1 dollar to produce were sold for 500-1000 dollars. Bags without a logo were suddenly considered worthless. And champagne only Moët, please - nothing else. You either belonged - or you didn't. Clever hype, without question. The companies were delighted. Record sales, new stores, more staff.

But now? Inflation, price rises, economic headwinds. Official inflation may be 0.3-0.4 % - in reality, we are all feeling something completely different. Housing, food, travel - everything is becoming significantly more expensive. And this is having an impact: the middle class, which helped fuel the luxury boom, is slowly returning to its senses. A Gucci shirt for 1000 dollars? No longer bought. Many items end up on platforms second-hand at a 90% discount - in the hope of getting at least a fraction of the money back.

Of course, there is always a small target group that can and wants to afford real luxury - no question about it. But the mass hype? Over in my opinion. Similar to watches, Pokémon cards, expensive wine & whiskey - it was a trend. And trends pass.

The current economic and geopolitical outlook does not exactly point to a new boom in this sector. There is also a growing awareness: Paying $1,000 for a shirt that's already crumbling after seven washes doesn't exactly seem like a smart decision to many, looking back.

I don't want to make a blanket statement here: "Luxury is bad" - on the contrary, I love beautiful things just as much. But for me, it's not an investment, it's a desire, a pleasure - like a nice car or a good watch.

Conclusion: The current weakness of LVMH & Co. comes as no surprise to me. It will be interesting to see what happens next. But my capital is flowing into other sectors for the time being.

$MC (-0,14%)
$MONC (+0,87%)
$1913 (+0%)
$BOSS (+0,01%)
$RMS (+2,23%)
$CDI (-0,86%)
#luxus
#luxusmarken

Podcast episode 57 "Buy High. Sell Low."

Subscribe to the podcast to keep more net from gross!

00:00:00 Vistra Energy, Constellation Energy, Uranium Energy, Uranium ETFs $VST (+2,92%)
$STZ (+0,46%)
$UEC (+0,37%)

00:37:20 Alibaba, China stocks $9618 (+0,86%)
$700 (+3%)
$80700
$1211 (+3,41%)

01:12:00 Exxon, Shell, Diamondback Energy, oil ETFs $SHEL (+0,22%)
$GB00B03MM408
$RDS.A

01:32:00 LVMH, Hermès $MC (-0,14%)
$9988 (+4,71%)
$BABA (+5,3%)

01:42:00 Kering $KER (+1,72%)

01:45:00 Dior, Prada, luxury ETF $CDI (-0,86%)
$1913 (+0%)
$AMUN (+1,14%)

01:48:00 Rising social security contributions in 2025 #ampel#money

Spotify
$SPOT (+0,43%)

https://open.spotify.com/episode/44odhfXKc9Do4d6OE6nY3M?si=aXivvFZdSWmn5rOiEk9ElQ

YouTube
$GOOGL (+0,84%)
$GOOGL (+0,84%)

https://youtu.be/HBb1kKaeh5A

Apple Podcast $AAPL (-1,19%)
#podcast

https://podcasts.apple.com/us/podcast/folge-57-alibaba-lvmh-shell-vistra-exxon-hermes-diamondback/id1695869891?i=1000670846325

Further increased for dividend growth. 🚀 $CDI (-0,86%)

I used the small correction to $CDI (-0,86%) expand my position. #dividendenwachstum 🚀

Luxury always sells