Louis Vuitton's parent company reported better-than-expected quarterly results, ADR fell about 6% during intraday trading in the US stock market
LVMH Group's fourth-quarter revenue was €23.93 billion, compared to analysts' expectations of €23.43 billion.
Fourth-quarter organic revenue grew by 1%, while analysts expected a decline of 1.04%.
In the fourth quarter, organic sales of fashion and leather goods fell by 1%, with analysts predicting a decline of 2.82%.
Fourth-quarter organic sales of wines and spirits decreased by 8%, while analysts expected a reduction of 6.94%.
In the fourth quarter, organic revenue in the United States grew by 3%, compared to analysts' expectations of a 3.73% increase.
In the fourth quarter, organic revenue in Asia (excluding Japan) declined by 10%, while analysts expected a decrease of 12.1%.
The fourth-quarter data is slightly better, but the trend still needs confirmation.
Annual revenue was €84.68 billion, compared to analysts' expectations of €84.38 billion.
Annual operating profit from continuing operations was €19.57 billion, while analysts expected €20.45 billion.
The annual dividend per share was €13, compared to analysts' expectations of €12.89.
LVMH Group ADR fell by 5.8%
