LVMH (ENXTPA: MC) 1Q18 Trading Update: Organic Growth Accelerates as Shoppers Flock to Power Brands

Key Points

• LVMH Moët Hennessy Louis Vuitton reported adjusted organic revenue growth of 15% in 1Q18, a marked acceleration from 11% organic growth in 4Q17.
• Top-tier luxury brands Louis Vuitton and Bulgari were among the drivers of growth, while Sephora gained market share.
• For FY18, analysts expect the company to grow revenues by 5.6% and EBIT by 9.6%, yielding an EBIT margin of 20.2% versus 19.5% in FY17.