“Extremely Optimistic” for Chinese Market! More Important Information Disclosed in LVMH 23 Q1 Earnings Call

5月 04, 2023

French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) recorded revenue of 21 billion euros in the first quarter of 2023, up 17% compared to the same period of 2022. Organic revenue growth was 17%, which is more than twice as fast as analysts expected.

On 12th, April, LVMH held the earnings call of the first quarter of 2023. After the summary of the performance of the first quarter of 2023 made by Chris Hollis, Director of Financial Communications at LVMH, Jean-Jacques Guiony, the group’s Chief Financial Officer answered questions from analysts from Morgan Stanley and Go …