LVMH Moet Hennessy – Louis Vuitton RESULTS
LVMH is a French multinational retailer of luxury goods, created in 1987 from the merger of designer Louis Vuitton and alcoholic beverage producer Moët Hennessy. The company has about 70 subsidiaries, which are managed autonomously, with each representing several luxury brands. With a market capitalization of EUR 85,770 mn, the company has around 120,000 employees worldwide.
LVMH presented a 3% increase in comparable sales for the 1st quarter, due to the depreciation of the Euro against the Dollar.
To remember that 70% of its sales are to markets outside the eurozone.
Louis Vuitton reported annual results that compare favorably with the same period last year, with revenues totaling EUR 30.638mn, an increase of 6% compared to 2013.
Free cash flow shrank 7% compared with 2013 to EUR 2.832mn. The company will propose to the General Meeting a gross dividend per share of EUR 3.20 (+ 3.0% over the previous period).
The saturation of the brand ‘Louis Vuitton’ in the Asian market, thereby reducing the “status” associated with it can be a penalty factor for the Group revenues (which represent 29% of the total).
The company has an appreciation of 24% since the beginning of the year.
When announcing the annual results, the title appreciated around 8% in just one session.
Despite the correction observed in mid-March, Louis Vuitton is still the title with the highest cumulative gains among peers in the industry.
Read more:
http://www.lvmh.com/investor-relations
http://www.bloomberg.com/quote/MC:FP
bewayopa 
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