Christian Dior SE logo

CDI - Christian Dior SE News Story

€623 -2.5  -0.4%

Last Trade - 18/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £97.01bn
Enterprise Value £142.32bn
Revenue £38.39bn
Position in Universe 8th / 850

BUZZ-PREVIEW-LVMH: Europe down but the rest doing (very) well

Mon 12th April, 2021 11:23am
** Analysts expect luxury group LVMH's  LVMH.PA  Q1 sales to
come close to Q1 2019 levels as heavy demand for key fashion and
leather brands in China and U.S. recovery offset lockdown
effects in Europe
    ** The French company, which owns brand names including
Dior, Louis Vuitton and Hennessy, kicks off the country's luxury
earnings season on April 13
    ** "The LVMH narrative will continue to revolve around
fashion and leather," Jefferies says, adding the franchises are
favoured the most by luxury buyers in Asia and China
    ** Both Jefferies and Bryan Garnier expect LVMH's fashion
and leather revenue to jump 20% compared to Q1 2019 (and 30% vs
Q1 2020) as key brand trends from a strong late 2020 carry over
into early 2021   
    ** Deutsche Bank adds luxury brands will need to engage with
local customers in 2021 as tourists' contribution remains low,
and the Paris-based LVMH has done that long before COVID-19
 urn:newsml:reuters.com:*:nL8N2M0181
    ** The consolidation of U.S. jeweller Tiffany that LVMH
bought in January should also start helping the group's sales,
analysts say  urn:newsml:reuters.com:*:nL1N2JI180
    ** Bryan Garnier adds LVMH's spirits unit should record an
improvement in the U.S. due to low 2020 inventories and China
thanks to a delayed boost from Chinese New Year celebrations
    ** At the same time, analysts expect LVMH's selective retail
division that operates department stores and duty free shops to
underperform compared to other units until lockdowns are lifted
    ** However, LVMH should remain an outperformer within the
luxury industry and lead its post-pandemic recovery together
with rival Hermes  HRMS.PA , Oddo and DB say  urn:newsml:reuters.com:*:nL8N2M0181
        

 ((kate.entringer@thomsonreuters.com;
laura.marchioro@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.