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CDI - Christian Dior SE News Story

€607 6.5  1.1%

Last Trade - 12/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £93.05bn
Enterprise Value £138.32bn
Revenue £38.35bn
Position in Universe 9th / 849

BUZZ-PREVIEW-LVMH: Louis Vuitton, Dior to make up for Asia trouble

Mon 27th January, 2020 5:15pm
** Analysts expect LVMH's  LVMH.PA  Q4 results to show that
demand for its Louis Vuitton and Dior  DIOR.PA  brands has
helped largely offset Hong Kong disruptions and a slowdown in
Japan
    ** LVMH kicks off the French luxury earnings season on Jan.
28
    ** Deutsche Bank cites "social media heat" around LVMH's top
brands and says it understands that strong demand for Louis
Vuitton may have resulted in product scarcity and temporary
voluntary supply restrictions 
    ** Q4 growth at LVMH's fashion and leather (F&L) business is
seen at 13-16%, helping to limit a top-line slowdown at group
level, analyst estimates show
    ** UBS and BofA Merrill Lynch also cite rising tourist
spending in December, especially in North America, mainland
China, and Europe as bolstering the luxury sector  urn:newsml:reuters.com:*:nL8N29L2IT
    ** FX advantages should also help H2 margins at LVMH,
Deutsche Bank adds
    ** BofA cautions, though, that the competitive environment
remains fierce and that leading luxury companies, including
LVMH, have to invest in marketing and advertising to sustain
current levels of growth, particularly in the F&L business
    ** RBC also says that the investor focus will now shift to
the impact of the recent coronavirus outbreak
 urn:newsml:reuters.com:*:nL8N29W1F3 urn:newsml:reuters.com:*:nL4N29T345
    ** Brokerages nonetheless prefer LVMH in the sector due to
its diversification and rival Kering  PRTP.PA  thanks to its
crown jewel Gucci 

 ((zuzanna.szymanska@tr.com))
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