长沙USDT微信交易|【唯一TG:@heimifeng8】|黑帽快排UA伪装✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨LVMH shares touch record highs after luxury group's solid first
Reuters Published
April 11,长沙USDT微信交易 2025
LVMH's shares hit record highs on Thursday, after the Louis Vuitton owner posted strong first quarter sales which set a high bar for rival luxury companies also chasing Chinese demand for high-end handbags and clothing.
LVMH said late on Wednesday that revenues rose 16 percent to 12.5 billion euros (£10.77 billion), up 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals, and beating analyst forecasts.
LVMH's shares were up 3.3 percent in early session trading, touching record highs and lifting the shares of peers such as Gucci-owner Kering and Hermes.
SocGen raised its rating on LVMH to "buy" from "hold".
"We expect growth to continue to slow down in the sector in the first quarter, but LVMH is accelerating from the fourth quarter and should stand above the peer average this year, unlike in 2025," SocGen wrote in a note.