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# LVMHs Unsatisfactory Showing Results in Share Price Drop
Released Jan 29, 2025 10:33 AM ET
**Main Aspects:**
* Luxury giant LVMH’s small rise in sales in 2024, compared to competitors’ flourishing outcomes suggesting a sector recovery, has disappointed shareholders.
* Sales grew by only 1% compared to the previous year, although reports show a 2% drop.
* LVMH shares have decreased by 5%.
LVMH, the luxury group holding labels such as Dior and Louis Vuitton, announced a full-year income of €84.68 billion ($88.27 billion USD). While this number slightly exceeded expert forecasts of €84.36 billion, the weak 1% rise year-over-year (or a reported 2% decrease) has caused worry.
Experts at UBS mentioned that despite the minor income surpass, the marketplace had set a greater standard for LVMH, especially after excellent showings from its competitors.
Previously, Burberry’s better-than-expected sales and Richemont’s record quarterly sales had encouraged hope about a luxury market revival. The sector has been struggling with a slowdown following the post-pandemic surge, worsened by decreased spending from Chinese customers amid a failing property market.
LVMH’s stock in Paris experienced a 5% decrease, reflecting the drop in shares of Kering, the parent business of Gucci. Meanwhile, Hermes and Burberry shares stayed steady in Paris and London, respectively, while Richemont saw an approximately 2% rise in Swiss trading.
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