LVMH opened the H1 21 earnings period strongly for the luxury sector. All divisions beat consensus expectations. More importantly, the sharp top-line jump, the favourable geographic mix and the group’s major brands’ strong pricing power have resulted in a record-high profitability.
Although the group will increase investments in H2 21, healthy growth could enable the group to increase investments without hurting margins.
27 Jul 2021
Impressive profitability
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Impressive profitability
- Published:
27 Jul 2021 -
Author:
Jie Zhang -
Pages:
4
LVMH opened the H1 21 earnings period strongly for the luxury sector. All divisions beat consensus expectations. More importantly, the sharp top-line jump, the favourable geographic mix and the group’s major brands’ strong pricing power have resulted in a record-high profitability.
Although the group will increase investments in H2 21, healthy growth could enable the group to increase investments without hurting margins.