LVMH 3Q Revenue Fell, But Some Areas Returned to Growth
15 Ottobre 2020 - 6:41PM
Dow Jones News
By Joshua Kirby
LVMH Moet Hennessy Louis Vuitton SE said Thursday that revenue
declined organically in the third quarter compared with the same
period of the previous year, but noted a return to growth in some
areas following a difficult first half affected by the coronavirus
pandemic.
The French luxury-goods conglomerate posted revenue of 11.96
billion euros ($14.05 billion) for the quarter, down from EUR13.32
billion in the same period of 2019. That was better than analysts'
expectations of EUR11.37 billion, according to a consensus estimate
provided by FactSet and based on four analyst estimates.
Revenue fell 7% organically year-on-year, the company said.
LVMH, which owns the Louis Vuitton, Dior, Bulgari and Hennessy
brands, said growth returned in cognac sales and in the fashion and
leather goods division, which saw 12% organic growth in sales from
the same period of 2019.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 15, 2020 12:26 ET (16:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni Lvmh Moet Hennessy Louis... (EU:MC)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Lvmh Moet Hennessy Louis... (EU:MC)
Storico
Da Apr 2023 a Apr 2024
