Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Mot Hennessy - Louis Vuitton SE    MC   FR0000121014

LVMH MOT HENNESSY - LOUIS VUITTON SE

(MC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LVMH Mot Hennessy Louis Vuitton : Handbag maker Hermes echoes luxury sales rebound amid online surge

10/22/2020 | 02:31am EST

MILAN, Oct 22 (Reuters) - Hermes' comparable sales picked up in the third quarter, rising 7%, and the Birkin bag maker said this positive momentum had extended into October after a strong rebound in Asia and surging online revenues.

Luxury goods makers were hit hard by store closures during lockdowns to combat the coronavirus pandemic and sales for the industry as a whole are expected to fall by up to 35% this year - an unprecedented plunge after a decade of stellar growth.

But a gradual re-opening, even as governments bring in fresh measures to fight rising COVID-19 infections, has helped sales to recover. High-end labels, which used to be more reticent to sell their products online, have also seen web revenues surge.

Hermes - known for its $12,000-plus handbags like the Birkin, which often generates waiting lists - already sells a selection of leather goods online but said it would make a larger push.

"We are going to gradually increase our offer of products online, except for the very iconic products such as Birkin," finance chief Eric du Halgoüet told reporters.

He said the online channel had now become the group's "biggest store", with revenues exceeding those of any of its flagship shops. Sales online grew by nearly 100% in all regions in the first nine months of the year.

Hermes shares have risen 20% since the start of the year despite the health crisis as the brand is traditionally seen as being more resilient in a downturn than rivals.

The shares were down 0.6% in early trade on Thursday, with the French blue-chip index dropping 1.3% Hermes' comparable sales, which strip out the impact of foreign exchange rates and acquisitions, came in at 1.8 billion euros ($2.13 billion) in the three months to end-September - making it the first luxury brand to post rising overall revenues in the third quarter.

Sales of leather goods grew 8% in the period while fashion sales were also up, echoing buoyant trends at Louis Vuitton owner LVMH.

"Global luxury goods demand has materially revived over the summer, never mind the fact that intercontinental travel is still virtually nonexistent. Best-in-class companies are already producing year-on-year growth in 3Q20, much ahead of start of Covid-19 industry estimates," said Luca Solca of Bernstein.

Third-quarter growth was strong in Asia, where lockdown restrictions were eased first, with sales up 25%, while revenues fell by 15% in Europe -- including a 23% drop in France -- and by 5% in the Americas.

Revenue from Hermes silk scarves were down 20.5% in the period. The group said that was due to an unfavourable comparison to a year ago and lower travel retail activity.

Du Halgoüet said the positive sales trend of the third quarter had continued into October and the group had not yet seen an impact from new restrictions imposed by European governments as contagion numbers rise again sharply.

But Hermes struck a cautious note for the full-year outlook, saying the impact of the Covid-19 epidemic remains "difficult to assess, as the scale, duration and geographic extent of the crisis evolve every day."

($1 = 0.8441 euros) (Reporting by Silvia Aloisi, editing by Sarah White and Jane Merriman)


Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HERMÈS INTERNATIONAL 0.05% 870 Real-time Quote.-1.14%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 1.22% 508 Real-time Quote.-1.76%
All news about LVMH MOT HENNESSY - LOUIS VUITTON SE
04:03pLVMH MOËT HENNESSY LOUIS VUITTON : Louis Vuitton, Dior Power LVMH's Sales
DJ
02:21pLVMH MOËT HENNESSY LOUIS VUITTON : Thriving Louis Vuitton offsets drop in sales ..
RE
01:45pLVMH : Bernstein keeps its Buy rating
MD
12:27pLVMH MOËT HENNESSY LOUIS VUITTON : Books Lower 2020 Revenue, Net Profit; 4Q Sale..
DJ
12:11pLVMH MOËT HENNESSY LOUIS VUITTON : Thriving Louis Vuitton offsets drop in sales ..
RE
11:46aLVMH MOËT HENNESSY LOUIS VUITTON : showed good resilience against the pandemic c..
AQ
11:17aALPHABET : Artificial Intelligence Will Define Google's Future. For Now, It's a ..
DJ
07:42aMORE CARATS AND SPARKLE : How LVMH plans to change Tiffany
RE
05:14aMARKET CHATTER : LVMH Plans to Overhaul Tiffany's Offering, Go More Upmarket
MT
01/25LVMH MOËT HENNESSY LOUIS VUITTON : Swiss Watch Brands Hublot, Zenith Predict Sal..
MT
More news
Financials
Sales 2020 44 964 M 54 673 M 54 673 M
Net income 2020 4 161 M 5 059 M 5 059 M
Net Debt 2020 12 537 M 15 244 M 15 244 M
P/E ratio 2020 63,2x
Yield 2020 0,89%
Capitalization 256 B 311 B 311 B
EV / Sales 2020 5,97x
EV / Sales 2021 4,90x
Nbr of Employees 163 309
Free-Float 51,8%
Chart LVMH MOT HENNESSY - LOUIS VUITTON SE
Duration : Period :
LVMH Mot Hennessy - Louis Vuitton SE Technical Analysis Chart | MC | FR0000121014 | MarketScreener
Technical analysis trends LVMH MOT HENNESSY - LOUIS VUITTON SE
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 523,80 €
Last Close Price 508,00 €
Spread / Highest target 28,0%
Spread / Average Target 3,11%
Spread / Lowest Target -44,7%
EPS Revisions
Managers and Directors
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
Sector and Competitors
1st jan.Capitalization (M$)
LVMH MOËT HENNESSY - LOUIS VUITTON SE-1.76%306 374
LULULEMON ATHLETICA INC.-2.31%44 314
VF CORPORATION-1.81%33 076
LI NING COMPANY LIMITED-3.85%16 351
MONCLER S.P.A.-5.58%14 511
LEVI STRAUSS & CO.5.78%8 436