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LVMH (ENXTPA: MC) FY17 Results: Company Enjoys a Stronger-than-Expected Final Quarter

Executive Summary

  • LVMH reported FY17 revenues of €42.6 billion, beating the €42.3 billion consensus estimate due to 4Q17 revenues that came in 2% ahead of expectations.
  • The company reported diluted EPS of €10.18, which was well ahead of analysts’ expectations of €9.74.
  • In the final quarter, organic growth slowed sequentially in all segments except Selective Retailing and Wines and Spirits.

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