LVMH Says Is ‘Relatively Confident’ on 2015
2015-02-03 17:39:48.390 GMT
By Heather Burke and Andrew Roberts
(Bloomberg) -- LVMH sees rebound in cognac volume in China
in 2015, according to comments in presentation documents.
* 4Q organic sales growth 13% in U.S., 7% in Japan, 5% in
Europe
* 4Q organic rev. declined 6% in Asia
* 4Q organic rev. by unit (from presentation documents):
* Wines & Spirits down 1%, Bloomberg est. down 3.2%
* Fashion & Leather Goods up 4%, est. 0%
* Perfumes & Cosmetics up 7%, est. up 6%
* Watches & Jewelry up 3%, est. up 4%
* Selective Retailing up 8%, est. up 5%
* Selective Retailing up 8%, est. up 5%</li></ul>
* LVMH Key Quarterly Earnings Metrics: Analyzer
* Earlier: LVMH Earnings Miss Estimates as Chinese Spend Less
on Luxury
Link to Company News:MC FP <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Heather Burke in London at +44-20-3525-2044 or
hburke2@bloomberg.net;
Andrew Roberts in Paris at +33-1-5365-5015 or
aroberts36@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Andrew Rummer
2015-02-03 17:39:48.390 GMT
By Heather Burke and Andrew Roberts
(Bloomberg) -- LVMH sees rebound in cognac volume in China
in 2015, according to comments in presentation documents.
* 4Q organic sales growth 13% in U.S., 7% in Japan, 5% in
Europe
* 4Q organic rev. declined 6% in Asia
* 4Q organic rev. by unit (from presentation documents):
* Wines & Spirits down 1%, Bloomberg est. down 3.2%
* Fashion & Leather Goods up 4%, est. 0%
* Perfumes & Cosmetics up 7%, est. up 6%
* Watches & Jewelry up 3%, est. up 4%
* Selective Retailing up 8%, est. up 5%
* Selective Retailing up 8%, est. up 5%</li></ul>
* LVMH Key Quarterly Earnings Metrics: Analyzer
* Earlier: LVMH Earnings Miss Estimates as Chinese Spend Less
on Luxury
Link to Company News:MC FP <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Heather Burke in London at +44-20-3525-2044 or
hburke2@bloomberg.net;
Andrew Roberts in Paris at +33-1-5365-5015 or
aroberts36@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
Andrew Rummer