LVMH shares seen lower as Iran war weighs on first‑quarter sales

LVMH Moet Hennessy Louis Vuitton SE

14/04/2026 07:08

April 14 (Reuters) - Shares in French luxury goods group LVMH LVMH.PA were set to open lower on Tuesday after first‑quarter sales were hit by the impact of the war in Iran.

LVMH, the first major luxury company to report this earnings season, said on Monday the conflict shaved at least 1% off group sales, bringing quarterly revenue to 19.12 billion euros ($22.49 billion).

The update could weigh on sentiment across the wider luxury sector, as investors look for read‑across to rivals with similar exposure to Middle Eastern demand.

“The main uncertainty is the Middle East conflict’s impact on macro conditions, consumer confidence and global tourist flows,” wrote Citi analyst Thomas Chauvet.

LVMH shares were down around 2.4% on Tradegate compared with the Euronext closing price on Monday.

($1 = 0.8501 euros)

 (Reporting by Mateusz Rabiega in Gdansk; editing by Danilo Masoni)

 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))