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Forecast: Luxury Group LVMH Outstanding Performance In The First Half

2011/7/27 23:43:00 52

Luxury LVMH Is Impressive.

Global number one

Luxury group

LVMH is expected to announce its first half results on Tuesday, the latest data showing that the luxury sector has been lifted from worries about the global economic outlook.


LVMH group is worth 1500 euros.

Louis Vuitton

The handbag is famous for its 12000 Euro watch.

As demand in emerging markets and Europe and the US continues to grow strongly, the Group expects sales to grow by 13% in the second quarter.


 

LVMH's series of Givenchy brands.


The luxury industry has been experiencing a strong rebound since the fall in consumption in 2009, and the market is worried that the recovery of the US economy is unstable and the impact of the euro zone debt crisis is relatively small.


Although sales of consumer goods such as L'OREAL skin care products and shampoos have slowed in recent months, especially in the United States, Latin America and Eastern Europe, the performance of simple luxury brands such as Hermes and Burberry shows that the rich are pouring money together.

Always enjoy it


According to Reuters's survey of 10 analysts, it is estimated that LVMH's profit growth will reach 15% Euro 2 billion 100 million (1 billion 840 million pounds) before tax.

Operating income is expected to rise by 13% to 10 billion 200 million euros.


On an organic basis, the increase will be narrowed to 12.5%.


Analysts are eager to know the operating profit that rises with the rising price and the new trend of the group's acquisition after the acquisition of Bvlgari jewelry company in Italy this year.


LVMH is likely to be asked what he wants to do with Hermes, which owns more than 20% of Hermes shares.


LVMH's other rival, PPR group, including luxury brands like GUCCI, Yves Saint Laurent and Paris, will announce its first half results on Friday.


 

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