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LVMH (ENXTPA:MC) 1Q16 Results: Revenues Grow by 3.6%, but Miss Estimates

Executive Summary

  • LVMH reported revenues of €8,620 million in 1Q16, up 3.6% from €8,323 million in 1Q15 but missing the consensus estimate of €8,740 million.
  • Organic growth for the quarter was 3.0%.
  • The company commented that its US market is strong and that while most of Europe seems stable, business in France has been affected by a fall in tourism.

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