LVMH's stock fell 5 %, and the results of the year were doubtful about the extensive luxury recovery

A photo taken on April 23, 2024 shows the scenery of the French luxury group LVMH MOET HENNESSY LOUIS VUITTON SA on Elysee Avenue of Paris.

Julien de pink | Agence France -Presse | Getty image

Shares LVMH Retreat on Wednesday, because investors have a better annual result of the world's largest luxury company, and they are still cautious about the rebound of the luxury luxury industry.

The revenue of brands including Louis Vuitton, MoëT & Chandon and Hennessy's revenue was 84.68 billion euros (US $ 88.27 billion) in 2024, surpassing LSEG analyst's 84.38 billion euro forecast, and it is equivalent to the previous one. The organic growth of the year is 1 %.

The loss of LVMH stocks dropped slightly to 5 %. London time. Luxury Commodity Inventory dry and Christian Dior (Christian Dior) The end of the meeting was reduced by 5.4 % and 5.28 %, respectively.

After Cartier owner Richemont reported the "highest -known quarterly" sales number during the holiday shopping period, investors have been looking for further confirmation of the recovery of the luxury industry. However, the decline in sales of LVMH key fashion, leather products, wine and spiritual wine market segments indicates that the pressure in the group continues.

Inventory chart icon iconInventory chart icon icon
Hidden content

LVMH

"After the excellent start of the report season in the luxury field, people's expectations have been increasing before the fourth quarter of LVMH, which is regarded as the agent of the industry. A series of results at night is relatively unknown.

LVMH attributed its income growth on Tuesday to the stable demand (including retailer Sephora) and perfume and cosmetics in its selective retail sector. In the United States, consumers in Europe and Japan are also widely driven, and the extensive Asia -Pacific region (especially China) lags behind.

"The emotions of wealthy shoppers have restored the United States and Japan in Europe, but in China, this has always been a strong country in the luxury industry, which is still weak. However, this is a sign of stable progress. The luxurious ship shrinks forward." Susannah Street Hargreaves Lansdown's currency and market leader said.

As the sales increase, it is disappointing

French luxury giants are regarded as the leading position of a broader luxury industry. In recent years, due to China's sales and a wider macroeconomic backwind, it has faced tremendous pressure in recent years.

QUILTER Cheviot's Valechha continued: "Although LVMH sees continuous improvement, it is obviously not high compared to Richemont and Burberry." "If LVMH is the first person to report the income season, then this set of results will be It will be digested well.

Bernstein's global luxury analyst Luca Solca said on Tuesday that the best differences between the luxury field and the other people continued to disagree, and added that LVMH has "work to do" to do it. Re -gain market share, especially in the handbags in its prestige.

Solca told "Squawk Box EUROPE" that you will see the organic growth gap between Richemont's jewelry Maisons and LVMH and leather products. You will find that this continues to increase.

He added: "This is obviously a job to do. We believe that the most important job is in Dior, which has greatly increased the price, and it is no longer a day's conversation."

At present, LVMH's stock is about 14 % so far. Earlier this month, the group surpassed the Danish pharmaceutical giant Novo Nordisk and re -won the title of the most valuable company in Europe.