Luxury goods – do the Chinese access? (Symbol image, photo: Freepik, Flowo)
Paris – spoiling Trump’s tariffs the champagne mood? If there is a company that is considered a compass of the luxury goods industry, then LVMH with brands such as Louis Vuitton, Bulgari or Dior. Today the numbers of the 1st quarter come – on April 17th the General meeting.
With the LVMH share price, it goes downhill rapidly in 2025, Trump’s customs orgy on April 2 was only another deep blow. With the US College, the paper skipped the 500 points and noted yesterday (5 p.m. CEST) at just under 530 euros-far from the all-time high (April 2023) at over 900 euros.
The current negative trend initiated the 2024 balance sheet at the end of January. The luxury group achieved with an improved 4. Quarter 84.7 billion euros in annual sales – more than expected. But the business crises, the revenues decreased 2 percent, the profit even fell by 14 percent.
China: Hardly any recovery – luxury industry shrinks
Especially in China, 2024 did not run round – The Chinese held back in luxury consumption. Thanks to the customs faults, little speaks for attractive demand in the Middle Kingdom. Even if Europe and China move together, the customs war with the United States should cloud the mood.
It is also obvious that in view of the US tariffs (initially 10 percent), Americans hardly save the luxury goods business. A global recession could hit the $ 400 billion hard. Instead of relaxation Expects Alliancebernstein a 2 percent decline.
Deceptive relaxation-US factory suffers from a shortage of skilled workers
In the meantime, it is no longer certain that the weak 3. quarter 2024 mark the low point of the demand for luxury goods, I also think Deutsche Bank analysts. The recovery in the 4th quarter may have been an anomaly. Global uncertainty could delay the recovery.
Irony of fate: The production in the USA-so much desired by US President Trump. In Texas, for example, LVMH produces Louis-Vuitton handbags. But the lack of specialists in the field of leather processing leads According to the media report to significant problems.
Annual General Meeting: Age limit for CEO – Dividend 2024
Despite all the global upheavals: the 76-year-old majority owner and CEO Bernard Arnault leaves no doubt, Who leads LVMH into the future: He himself. The general meeting on April 17 is to vote for the increase in the age limit of the CEO from 80 to 85 years.
In addition, the shareholders should dividend For the financial year: LVMH wants to distribute a total of 13 euros per share. The group already transferred 5.50 euros as a interim dividend at the end of 2024. LVMH plans to pay the other 7.50 euros on April 28 (ex-date April 24).
Forecast: sales in the 1st quarter of 2024
According to forecasts, LVMH will be on the spot in the 1st quarter of 2025: on average finanzen.net 8 analysts a turnover of 21.08 billion euros. This is a little more than in Last year (20.7 billion euros), but a clear decline compared to 4th quarter 2024 (23.9 billion euros).
Disclaimer:
All information without guarantee for completeness, correctness and topicality. The text does not represent a trade recommendation or investment advice.