24 jul: Bobler fra dybet fik hammerslag på rekordpriser ved nyligt afhold..
01 aug: Mercedes CLS Shooting Brake på vej til Danmark
26-07-2012 18:40:00

LVMH Confident as Growth Remains Solid

Relateret indhold

By Nadya Masidlover

PARIS--Luxury goods giant LVMH Moet Hennessy Louis Vuitton SA (MC.FR) said Thursday it has entered the second half of the year with confidence as it reported a jump in first-half profit, in a release that may calm concerns that demand for designer handbags and high-end clothes is beginning to cool.

The chief executive of the world's biggest luxury retailer by revenue, Bernard Arnault, expressed confidence about 2012, saying that the company plans to "pursue further market share gains in our historical markets as well as in high potential emerging markets."

Europe's luxury goods companies have appeared immune to the economic downturn in recent years, with sales driven by soaring demand in emerging markets and from tourists buying luxury goods in Europe. Yet signs of an economic slowdown in China--a key market for luxury goods--have raised questions over the sustainability of the boom.

These concerns were borne out in Burberry Group PLC's (BRBY.LN) full-year results in May, which showed evidence of a slowdown in Asian revenue growth. And this month, the chief executive of Cartier, the watch and jewelry brand owned by Compagnie Financiere Richemont SA (CFR.VX), said demand in China was slowing.

The Paris-based company posted net profit growth of 28% from a year earlier to 1.68 billion euros ($2.07 billion) in the first half, beating expectations.

Sales rose 26% to EUR12.97 billion, supported by demand in Asia, Europe and the U.S. The figure topped expectations of a FactSet poll.

LVMH's fashion and leather goods division, home to the company's star brand, the monogrammed handbag maker Louis Vuitton, put in a solid performance. Yet organic revenue growth came out at 10% over the half-year, implying a slight slowdown in the second quarter from the first, when on-year growth reached 12%.

LVMH shares closed Thursday at EUR124.90.

Write to Nadya Masidlover at nadya.masidlover@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 26, 2012 12:40 ET (16:40 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Novo-rival spår effekt af ugentligt GLP-1 på linje med Ozempics

13-12-2017 13:30:09
Novo Nordisks store franske rival Sanofi forudser, at dens ugentlige GLP-1-analog, Efpeglenatid, har en effekt på langtidsblodsukkeret, der er på linje Novos nye ugentlige diabetes 2-middel Ozempic, som tilhører samme lægemiddelklasse.Det fremgår af en præsentation under et analytikerarrangement onsdag, hvor Sanofi fremlægger sin forsknings- og udviklingsstrategi for de kommende år.Sanofi indledte..

Novo-rival er på vej med nye studier i fedme og leversygdommen NASH

13-12-2017 09:56:25
Novo Nordisks store franske rival, Sanofi, vil ligesom Novo i de kommende år også fokusere på udviklingen af fedmemedicin og medicin til behandling af leversygdommen, NASH.Det fremgår af en pressemeddelelse i forbindelse med et analytikerarrangement onsdag, hvor Sanofi vil præsentere sin forsknings- og udviklingsstrategi for de kommende år.Sanofis udviklingsindsats inden for forretningsområdet, di..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas får sin største ordre nogensinde i Indien - NY
2
Aktier/tendens: Genmab og Vestas fortsætter i fokus
3
Vestas rykker nærmere kæmpekontrakter i New Mexico og Texas
4
Vestas ejer mere end 5 pct. egne aktier efter opkøb
5
Novo-rival er på vej med nye studier i fedme og leversygdommen NASH

Relaterede aktiekurser

Lvmh 247,00 0,2% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Morningstar.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
13. december 2017 19:38:30
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20171124.1 - EUROWEB5 - 2017-12-13 19:38:30 - 2017-12-13 19:38:30 - 1 - Website: OKAY