LVMH to Post Slowing Revenue Growth as Market Backdrop Remains Tough
Dow Jones10-06 16:38
0838 GMT - LVMH will likely report a deterioration in trends, consistent with industry dynamics, Equita SIM's Paola Carboni says. The sector backdrop remains uncertain, especially regarding demand in China, which represents a key market for both the industry and LVMH's core fashion and leather-goods business, the analyst writes in a research note. Carboni expects the French luxury conglomerate to report an organic increase in revenue of 0.4% for the third quarter, compared with a 3% rise in the previous three-month period. Equita SIM confirms its hold rating on the stock, "pending signs of improvement in business momentum." Shares are up 0.7%.
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