TIF - The 5 Key Takeaways From LVMH's Fourth Quarter Report
LVMH (OTC: LVMUY), the world's largest luxury goods company, recently posted its fourth-quarter and full-year results. Its revenue rose 12%, with 8% organic growth during the fourth quarter, which marked a deceleration from its 11% organic growth in the first nine months of the year.
For the full year, LVMH's revenue rose 15% with 10% organic growth. Its profit from recurring operations grew 15% as its net profit improved 13%. Those robust growth rates suggest that LVMH's core businesses remain well-insulated from macro headwinds, but could its armor crack in 2020? Let's dig into the five key takeaways from LVMH's report to find out.
Image source: Louis Vuitton.