LVMH has published a reassuring Q3 21. The overall growth was in line with expectations, highlighting that the F&L division has beaten consensus again. However, growth in W&J division was a little disappointing, mainly due to the temporary slowdown at Bvlgari in Asia.
The US and Asia continued to report double-digit growth, and the group is confident for now that the positive dynamic will continue.
LVMH isn’t exposed to sourcing shortages, even if it will need to absorb higher freight costs.
13 Oct 2021
Maintaining the pace of growth
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Maintaining the pace of growth
- Published:
13 Oct 2021 -
Author:
Jie Zhang -
Pages:
4
LVMH has published a reassuring Q3 21. The overall growth was in line with expectations, highlighting that the F&L division has beaten consensus again. However, growth in W&J division was a little disappointing, mainly due to the temporary slowdown at Bvlgari in Asia.
The US and Asia continued to report double-digit growth, and the group is confident for now that the positive dynamic will continue.
LVMH isn’t exposed to sourcing shortages, even if it will need to absorb higher freight costs.