The group has published its financial accounts for H1 20. Despite the heavier level of inventory impairment and fixed costs that have resulted in a lower-than-expected profit from recurring operations, most of the divisions illustrated a strong resilience. In particular, the group’s larger Maisons Dior, Louis Vuitton, and Hennessy showed a strong progression in China, Japan, and the US. We confirm that the enduring desirability of major brands is moving the group into an excellent posit
28 Jul 2020
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In a solid position to benefit from the recovery
LVMH Moet Hennessy Louis Vuitton SE (MC:WBO) | 0 0 0.9% | Mkt Cap: 125,021m
- Published:
28 Jul 2020 -
Author:
Jie Zhang -
Pages:
3
The group has published its financial accounts for H1 20. Despite the heavier level of inventory impairment and fixed costs that have resulted in a lower-than-expected profit from recurring operations, most of the divisions illustrated a strong resilience. In particular, the group’s larger Maisons Dior, Louis Vuitton, and Hennessy showed a strong progression in China, Japan, and the US. We confirm that the enduring desirability of major brands is moving the group into an excellent posit