April 10, 2018 2 minutes

LVMH (ENXTPA: MC) 1Q18 Trading Update: Organic Growth Accelerates as Shoppers Flock to Power Brands

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

LVMH Moët Hennessy Louis Vuitton reported adjusted organic revenue growth of 15% in 1Q18, a marked acceleration from 11% organic growth in 4Q17.
Top-tier luxury brands Louis Vuitton and Bulgari were among the drivers of growth, while Sephora gained market share.
For FY18, analysts expect the company to grow revenues by 5.6% and EBIT by 9.6%, yielding an EBIT margin of 20.2% versus 19.5% in FY17.

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