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LVMH (ENXTPA: MC) 3Q18 Trading Update: Maintains Double-Digit Organic Growth, in Line with Expectations

Executive Summary

  • LVMH grew sales by 10% on an organic basis in 3Q18. This was in line with analysts’ expectations.
  • Fashion and Leather Goods was the strongest-performing segment, with sales up 14%.
  • Selective Retailing, which includes beauty retailer Sephora and travel retailer DFS, posted organic growth of 5%, compared with the consensus estimate of 8.1% and down from 9% in the prior quarter.

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