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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Mot Hennessy - Louis Vuitton SE    MC   FR0000121014

LVMH MOT HENNESSY - LOUIS VUITTON SE

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LVMH Trades Higher After 3Q Sales; Kering, Hermes Shares Also Up

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10/16/2020 | 04:15am EDT

By Joshua Kirby

Shares in LVMH Moet Hennessy Louis Vuitton SE traded higher Friday morning and other luxury-goods stocks were also up after the French conglomerate on Thursday reported third-quarter sales that beat analyst expectations and showed positive growth in some areas.

LVMH, the world's largest luxury-goods company by value, on Thursday said quarterly sales stood at 11.96 billion euros ($14.05 billion), down 7% organically from the same period the previous year, but that the core fashion and leather goods division saw positive organic growth of 12%. Cognac sales also grew compared with the third quarter of 2019, the company said.

Analysts had expected sales of EUR11.37 billion, according to a consensus estimate provided by FactSet and based on four analyst estimates.

Shares in LVMH at 0744 GMT traded 6.8% higher at EUR430.35. Shares in sector peer Kering were up 3.7% at EUR587.50, while Hermes International SCA traded 4% higher at EUR802.60.

The results confirm LVMH's soft-luxury division as the benchmark for the sector, which is particularly relevant to Kering, say analysts at bank Jefferies. Overall LVMH's sales update should encourage a more positive view of the luxury-goods sector, which seems to have seen strong sales over the summer following the worst impacts of the coronavirus earlier in the year, according to brokerage Bernstein.

Write to Joshua Kirby at joshua.kirby@dowjones.com

(END) Dow Jones Newswires

10-16-20 0414ET


Stocks mentioned in the article
ChangeLast1st jan.
HERMÈS INTERNATIONAL 1.49% 805.8 Real-time Quote.20.05%
KERING SA 0.34% 589 Real-time Quote.0.14%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.62% 430.2 Real-time Quote.4.37%
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Financials
Sales 2020 45 361 M 53 571 M 53 571 M
Net income 2020 4 447 M 5 252 M 5 252 M
Net Debt 2020 13 543 M 15 994 M 15 994 M
P/E ratio 2020 53,0x
Yield 2020 1,03%
Capitalization 218 B 257 B 257 B
EV / Sales 2020 5,10x
EV / Sales 2021 4,30x
Nbr of Employees 163 309
Free-Float 51,8%
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Technical analysis trends LVMH MOT HENNESSY - LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 450,70 €
Last Close Price 432,90 €
Spread / Highest target 17,8%
Spread / Average Target 4,11%
Spread / Lowest Target -35,1%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
Sector and Competitors
1st jan.Capitalization (M$)
LVMH MOËT HENNESSY - LOUIS VUITTON SE4.37%256 334
LULULEMON ATHLETICA INC.45.23%43 845
VF CORPORATION-27.21%28 265
LI NING COMPANY LIMITED63.60%12 182
MONCLER S.P.A.-8.31%10 940
LEVI STRAUSS & CO.-17.68%6 307