Paris (dpa -AfX) – The winning of the French luxury goods group LVMH (LVMH Moet Hennessy Louis Vuitton) (Louis Vuitton Moët Hennessy) decreased even more than expected last year. At the end of the year, customers increased more, especially in the important leather and fashion segment, and sales rose slightly across the group, as the company announced on Tuesday after the A stock exchange in Paris. After the competitor Richemont had reported unexpectedly strong business a few weeks ago, the investor was not enough. The stock, which was listed in the Eurozone Index EUROSTOXX 50, slips 5 percent on the trading platform Tradegate.
On the annual point of view, the proceeds from LVMH increased by 1 percent to EUR 84.7 billion away from currency effects and without taking into account the supply and sales of company parts. The operational profit fell by 14 percent to 19.6 billion euros and thus expected a little stronger than from analysts. The same was the bottom line for profit, which fell 17 percent to 12.6 billion euros.
In the fourth quarter, sales for the corresponding period of the previous year also increased by 1 percent. Analysts surveyed by the Bloomberg news agency had expected a minus of 1 percent for the final quarter.
At the end of the year, customers increased in the luxury products offered for LVMH, especially in the US region that is important for LVMH. Baader-Bank analysts already referred to the LVMH management in advance of the number template. Accordingly, the increased purchase mood in North America is due to a given uncertainty regarding the presidential elections. It can be assumed that Donald Trump’s economic and company-friendly policy will continue to boost growth in demand for luxury goods in the future.
Meanwhile, the luxury group continues to clean up in its portfolio: participation in the Stella McCartney brand was sold. Stella McCartney will buy back the minority stake after more than five years of collaboration, the parties said on Monday evening in a joint explanation. The conditions of the business have not been announced. The brand was founded by the 53-year-old daughter of Beatle frontman Paul McCartney and was part of the Gucci owner Kering in the past.
Other brands belonging to LVMH are Givenchy and Veuve Clicquot Champagner./lew/gl/he
Selected leverage products on LVMH Moet Hennessy Louis Vuitton
With knock-outs, speculative investors can participate disproportionately in price movements. Just choose the desired lever and we will show you suitable open-end products on LVMH Moet Hennessy Louis Vuitton
The lever must be between 2 and 20
Advertising