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LVMH released their sales and revenue for Q317 and once again they smashed estimates.
Having gone through our model, we increased the price target from €225 to €255.
About the Group
LVMH Moët Hennessy Louis Vuitton SE, better known as LVMH, is a French multinational luxury goods conglomerate, native of France and headquartered in Paris. Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights.
Investment rationale below:
Concerns
Conclusion
These figures reported are much better than we expected. Impressively all divisions continue to report strong growth figures. We expect Fashion & Leather Goods to be the main focus in 2017. If global economic growth continues picking up, LVMH will continue outperforming the market.
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