LVMH reports slight deceleration in Q4 results, perfume and cosmetics division up 12 percent

LVMH reports slight deceleration in Q4 results, perfume and cosmetics division up 12 percent

THE WHAT? Moët Hennessy Louis Vuitton (LVMH) has reported a slight deceleration in its Q4 results, down on industry expectations, according to a report by WWD.com. 

THE DETAILS For the three months ending December 31st revenues increased 12 percent on a reported basis and 8 percent on an organic basis, reaching 15.27 billion euros. This was down on a 17 percent rise in Q3. 

Sales were driven by its fashion and leather goods business, with the perfume and cosmetics division reaching 1.92 billion euros in the quarter, up 12 percent on an organic basis. 

THE WHY? While the decline was attributed to one-off issues such as a hike in Japan’s consumption tax and variations in cognac inventories in the U.S., shares in the company have fallen due to concerns that the coronavirus outbreak in the China will affect tourism and shopping, with company sales undoubtedly taking a hit as a result.  

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