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LVMH MO╦T HENNESSY LOUIS VUITTON SE

(MC)
  Report
Real-time Euronext Paris  -  05:34:58 2023-02-02 am EST
799.20 EUR   +0.47%
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LVMH buys jewellery producer Pedemonte to strengthen position in Italy

11/25/2022 | 12:06pm EST

(Alliance News) - LVMH Moet Hennessey Louis Vuitton SE on Friday said it has bought Pedemonte Group, a jewellery producer present in Italy and France.

The Paris-based luxury good firm said this was a strategic operation for the Watches & Jewelry division and said its jewellery Maisons will allow the company to "significantly increase its production capacity."

"With this strategic acquisition for our Maisons, the LVMH Group further strengthens its presence in Italy while continuing to support the ecosystem of companies that contribute to the success of our Maisons. With Pedemonte, our Maisons will gain a partner recognized for its know-how to support their growth and maintain their leadership in jewelry," said LVMH Deputy Managing Director Toni Belloni.

Shares in LVMH closed down 0.3% at EUR700.20 each in Paris on Friday.

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE 0.89% 791.5 Real-time Quote.15.20%
LVMH MOËT HENNESSY LOUIS VUITTON SE 0.47% 799.2 Real-time Quote.17.00%
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Analyst Recommendations on LVMH MO╦T HENNESSY LOUIS VUITTON SE
More recommendations
Financials
Sales 2022 78 791 M 86 025 M 86 025 M
Net income 2022 14 716 M 16 067 M 16 067 M
Net Debt 2022 20 139 M 21 989 M 21 989 M
P/E ratio 2022 27,4x
Yield 2022 1,54%
Capitalization 399 B 435 B 435 B
EV / Sales 2022 5,31x
EV / Sales 2023 4,89x
Nbr of Employees 157 953
Free-Float 51,0%
Chart LVMH MO╦T HENNESSY LOUIS VUITTON SE
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LVMH MoŰt Hennessy Louis Vuitton SE Technical Analysis Chart | MarketScreener
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Technical analysis trends LVMH MO╦T HENNESSY LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 795,50 €
Average target price 842,07 €
Spread / Average Target 5,85%
EPS Revisions
Managers and Directors
Bernard Arnault Chairman & Chief Executive Officer
Jean-Jacques Guiony Chief Financial Officer
Charles de Croisset Lead Independent Director
Yves-Thibault de Silguy Independent Director
Hubert VÚdrine Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LVMH MOËT HENNESSY LOUIS VUITTON SE17.00%435 208
LULULEMON ATHLETICA INC.-1.46%40 258
LI NING COMPANY LIMITED14.54%26 045
MONCLER S.P.A.15.27%16 748
VF CORPORATION14.60%12 292
RALPH LAUREN CORPORATION20.88%8 427