Disappointing accounts for the French luxury giant LVMH (Louis Vuitton Moët Hennessy), which closed the first three months of the new year with turnover up 4% to 8,62 billion euros, against the 8,719 billion indicated by the consensus . At constant exchange rates, sales recorded an increase of 3% against +5% in the fourth quarter of 2015 (4-5% market expectations).
In 2015 the group led by Bernard Arnault had achieved record sales. The fashion and leather goods sector suffered above all, while the situation improved in the alcohol segment (Moët & Chandon, Dom Perignon and Hennessy), which recorded a growth of 6% after +4% in the last three months of 2015.
All Paris Stock Exchange the LVMH share lost 3,5% in the mid-morning, to 140 euros per share from 146 at the opening this morning.
