Europe Movers: LVMH, Mercedes Benz, Petrofac, Resource Stocks, Volvo
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Parent company LVMH stated DFS's "revenue increased, but is still below 2019 levels" in its Q1 2023 financial report
The world’s largest luxury conglomerate, reported a revenue of 21 billion euros in the first quarter of 2023, up 17% compared to the same period of last year, more than double analysts’ expectations. Sales growth was driven by fashion and leather goods, but also by duty-free sales and by the good performance of Sephora. Europe and Japan, which enjoyed strong growth momentum, benefited from robust demand from local customers and international travellers; the United States, a market which...
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Excellent start to the year for Christian Dior Paris, April 12th, 2023 The Christian Dior group recorded revenue of 21 billion euros in the first quarter of 2023, up... | April 12, 2023