The quarterly income of the world’s largest luxury goods manufacturer, LVMH, decreased
The revenue of LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods manufacturer, fell by 2 percent to 20.69 billion euros in the first quarter of this year from 21.04 billion euros a year earlier, mainly due to geopolitical and economic uncertainties.
The average of the analysts’ opinion was that the revenue would increase to 21.14 billion euros.
According to data posted on the company’s website on Wednesday, revenue in the fashion and leather goods segment, which brings the most revenue, fell by 2 percent to 10.49 billion euros.
Related news
Viktor Orbán spoke about the extension of the margin freeze
A decision on extending the margin freeze to household and…
Read more >
Eurozone manufacturing activity improved in April, but still shows weak performance
The pace of decline in eurozone manufacturing activity slowed to…
Read more >
Prada Group’s quarterly revenue grew significantly more than expected
Italian luxury goods group Prada reported stronger-than-expected revenue growth in…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >
The Hungarian Food Bank Association is organizing a record-sized food collection on Friday and Saturday
At the Friday and Saturday fundraiser organized by the Hungarian…
Read more >
Pick Szeged Zrt.’s profit decreased, but its sales revenue increased last year
Pick Szeged Zrt.’s after-tax profit in 2024 was 6.7 billion…
Read more >
