From LVMH’s IR web site (https://www.lvmh.com/news-documents/press-releases/good-start-to-the-year-for-lvmh-2022/):
LVMH Moët Hennessy Louis Vuitton, the world’s main high-quality merchandise group, recorded income of 18 billion euros within the first quarter of 2022, up 29% in comparison with the identical interval in 2021. Natural income progress was 23%. LVMH had a superb begin to the 12 months in opposition to a backdrop of continued disruption from the well being disaster and marked by the dramatic occasions in Ukraine. All enterprise teams achieved double-digit income progress, apart from Wines & Spirits, which continued to see provide constraints. The US and Europe additionally achieved double-digit income progress; Asia continued to develop over the quarter regardless of the influence of a tightening of well being restrictions in China in March.The LVMH Group is intently monitoring developments in Ukraine and the area. Its first precedence was to make sure the security of its workers in Ukraine and to offer them with all the mandatory monetary and operational help.
Market’s expectations famous at 17,03 bn EUR. Precise income was 18 billion euros ($19.59 billion).(https://www.marketscreener.com/quote/inventory/LVMH-MOET-HENNESSY-LOUIS-4669/information/LVMH-1Q-Income-Outstripped-Expectations-Regardless of-World-Pressures-40035685/)
In accordance with IR particularly their largest class Vogue & Leather-based Items, together with their in-house manufacturers Louis Vuitton & Dior postet sturdy numbers, as class income rose by 35% YoY (30% organically progress) to 9,123 bn EUR, which makes up about half of the entire Q1 income. Weakest hyperlink was the Wines & Spirits compartment that missed double digit progress at 8% enhance (2% natural) in income that on the identical time is the smallest class the corporate stories in.
However the financial pressures in the mean time LVMH stands out with sturdy numbers. Ready on the transcript and commentary of their Q&A session. Anyone?
WKN: 853292
Disclaimer: I’m a shareholder of LVMH inventory.
Edit: typo & added data.