LVMH (ENXTPA:MC) 3Q16 Sales Results: Strengthening Organic Growth Trends

Executive Summary

• LVMH Moët Hennessy Louis Vuitton reported 6.0% organic revenue growth for 3Q16, showing a sequential quarterly acceleration from 4.0% in 2Q16 and 3.0% in 1Q16.3Q16 revenue of €9.1 billion was above the consensus estimate of €9.0 billion.
• The company noted significant improvement in Asia, ex Japan, in 3Q16. The US and Europe, ex France, remain well positioned.
• Stronger quarterly organic sales growth was driven by an improved performance in the Fashion & Leather Goods division and continued strength in the Perfumes & Cosmetics and Selective Retailing divisions.