A “slight slowdown”, which had been predicted by financial analysts, occurred. Likewise, analysts were also right about the potential business expansion of LVMH group in the first nine months of the year and during the third financial quarter, whose outcomes, in terms of revenues, were made public yesterday immediately after the closing of the stock markets. LVMH say 33 (33.1 actually): in fact, from January till the end of September, the overall turnover of the group reached 33 billion euros, therefore driving a remarkable organic growth (+11%). In the third quarter revenues increased by 10%. The company’s business is being affected, so to speak, by instability in which China and the United States are currently involved, at various levels, along with some issues, remark from Paris, “strictly related to the closing of commercial licenses at Hong Kong airport, which date back to the end of 2017”. Fashion & Leather Goods business retail keeps rocking, as it proves to be (still) driving, (still) very well performing, (still) potentially further improving. In the first nine months of 2018, organic sales coming from fashion and (most of all) accessories, made by the brands run by LVMH, augmented by 14% on annual basis, reaching 13,052 billion euros overall in terms of revenues. In Paris headquarters they are very happy, while emphasizing the accomplishment and briefly assessing the business trend of the group’s main brands: “Louis Vuitton keeps boosting thanks to its successful leather accessories product lines, alongside its overall and outstanding creative talent. Ready-to-wear and, most of all, footwear is currently achieving a very good performance in the market, which welcomed very positively the suggestions presented during the latest fashion shows for Men and Women. Christian Dior has been confirming, in the second half of 2018, their reinforced position, while enjoying a rewarding performance. Celine has been improving, while starting a new phase following the first fashion show by Hedi Slimane. Fendi and Loro Piana keep expanding as well”. And everyone grew happily ever after, as the saying goes. Yet, as LVMH are going to point out at the Shareholders’ Meeting, better be “careful” about the next future.
LVMH make 33 billion euros in the first 9 months of 2018. Accessories speed up (+14%) and “footwear is booming”
