Lvmh (lvmh.pa) save Q4, full year FY24

The world’s largest luxury company Lvmh A better annual sales, most powerful sign of better than expected on Tuesday a potential turning High-level sector.

The owner of Stamps, including Louis Vuitton, Moët & Chandon and Hennessy, sent an 84.68 billion euro ($ 88.27 billion), 84.68 billion euros ($ 88.27 billion) income compared to LSEG analysts.

According to the company, the full annual figure is equal to 1% compared to the previous year.

Sales rose more than expected in the fourth quarter until December, after the first time since the pandemic was fell three months ago. The growth was governed by consumers in Europe, the United States and Japan, while the group continued to weaken the wider Asian region.

“In 2024, among an uncertain environment, LVMH has shown strong sustainability. In many cases in many cases in our history, in many cases, the strength and relevance of our strategy, Lvmh Chairman and CEO, said in a statement.

The results were managed especially in the selective retail unit, which includes Sephora, as well as perfume and cosmetics. The group’s critical fashion and leather products, wine and spirit segments, Lag continued.

Shortly after a presentation, Arnautt said that the company was a significant decline in the sale of cognac and spirits, but as a new team, he said he was waiting for a restoration in two years.

He added that despite the ongoing geopolitical and macroeconomic uncertainties, according to a translation, the group’s outlook starts “well.”

The French luxury goods giant, China sales and more widespread macroeconomic headlines have reduced and more widely used by more widespread pressure between more macroeconomic headlines.

Luxury shares apply when the Cartier owner this month Richemont As consumers return to stores on the holiday shopping period, the “Highest So far” quarterly sales figure. English fashion house Burberry On Friday, in the ongoing strategic overhaul, finance was reported less than expected in the third quarter.

However, Jeffereri analysts, Monday, LVMH’s results, wine and skin goods, watches and jewelry, watches and jewelry, including cosmetics, “better indicator of more luxury trends” They said and the fragrance.

Shares in LVMH are currently more than 13% in 2024 and fall more than 13% this month. This month, the group surpassed the Danish pharmaceutical giant Novo Nordisk To restore the name of Europe’s most valuable company.