Jour: 30 janvier 2019
LVMH reported fourth-quarter sales of 13.7 billion euros, painting a picture of resilience and offering a measure of reassurance to investors fretting about Chinese luxury consumption as economic uncertainty looms. Profit from recurring operations for the full year hit a new milestone, jumping 21 percent to top the 10 billion euro mark and meeting analyst forecasts.
The figures come amid expectations of a slowdown in Chinese consumption and as trade tensions with the U.S. cast a cloud over the global economy. Chinese consumers account for the bulk of luxury goods purchases, and jittery investors are on the alert for any signs of weakening appetite. Lire la suite »