Potential Record Highs for LVMH Ahead?
LVMH's Performance Unstoppable - Here's Why!
Luxury juggernaut LVMH is closing in on a jaw-dropping all-time high of 806 euros, leaving shareholders reminiscing about the 1000% returns they've enjoyed since the year 2000. This French multinational powerhouse is the proud owner of titanic brands like Louis Vuitton, Christian Dior, and Moet & Co., redefining the concept of luxury for the modern age.
So, what's the secret to this eternal luxury? The share price gives a clear indication - it's weathered the numerous storms of 2022 and risen like a phoenix, ready to take on the world. That's the magic of LVMH - the rich and the beautiful don't bat an eyelash at the cost of a handbag, giving the company exceptional pricing power, especially in an inflationary environment.
The numbers don't lie. Thursday's earnings report reveals an impressive 23% surge in sales and profits compared to the previous year's quarter, with organic sales growth even outpacing inflation at 9%. LVMH's future looks brighter than ever, with CEO Bernard Arnault expressing a positive outlook for 2023, tempered with the usual caution.
Investors, take note. With LVMH leading the luxury market and relatively resilient to economic cycles, it’s high time to give this stock the attention it deserves. Yes, the share price might seem steep (P/E ratio of 18-20), but let's be real - luxury and quality don't come cheap. And in comparison to competitors like Hermes, LVMH might just be a steal.
By the way, LVMH has been selected for the BÖRSE ONLINE Aktien für die Ewigkeit Index, joining the ranks of some of the world's most powerful companies, such as Berkshire Hathaway, Microsoft, and Allianz. So, it's safe to say that the future's looking bright for LVMH.
Conflict of interest notice: The author holds direct positions in the financial instruments mentioned in this publication or related derivatives that could benefit from the price development resulting from this publication: LVMH.
Conflict of interest notice: The price of the financial instruments is derived from an index as the underlying. Boersenmedien AG has developed this index and holds the rights to it. Boersenmedien AG has entered into a cooperation agreement with the issuer of the securities presented, under which it grants the issuer a license to use the index. In this context, Boersenmedien AG receives remuneration from the issuer.
PS: While this article doesn't delve into LVMH's third-quarter results specifically, it's worth mentioning that LVMH has consistently shown strength in its core divisions and maintained premium pricing, regardless of macroeconomic woes. The company's bold investments in production expansions demonstrate its long-term planning and resilience. For more precise data on Q3 2022, you can access the company's historical financial reports via LVMH's investor relations.
- The luxury conglomerate LVMH, with brands like Louis Vuitton and Christian Dior, is redefining the concept of modern luxury in the fashion-and-beauty and lifestyle business.
- Despite the economic challenges in 2022, LVMH's share price has risen like a phoenix, highlighting the company's exceptional resilience in the face of adversity.
- Thursday's earnings report showed a 23% surge in sales and profits, outpacing inflation and reflecting LVMH's robust performance in the finance sector.
- Given LVMH's leadership position in the luxury market and its resilience to economic cycles, the company's dividends might prove attractive to investors who appreciate luxury and quality.
- In recognition of its strong performance, LVMH has been selected for the BÖRSE ONLINE Aktien für die Ewigkeit Index, placing it among the world's most powerful and enduring companies in various sectors.
