EARNINGS PREVIEW: LVMH 1H Revenue Seen +13% At EUR8.85B

23rd Jul 2010 16:23

LVMH (MC.FR): 1H Results Due: July 27 at 1530 GMT DJ Survey of 5 Analysts Average Profit, Recurring Ops: EUR1.68B +24% (EUR1.36B in 1H 2009) Average Revenue: EUR8.85B, +13% (EUR7.81B in 1H 2009) Note: LVMH results are expected to be strong, driven by double digit organic sales growth as the gradual recovery in luxury consumption seen earlier this year is confirmed. Closely watched as a bellwether for the luxury industry, expectations have been boosted by a strong showing from smaller peers Burberry (BRBY.LN) and Hermes (RMS.FR) in recent weeks. ([email protected]) Contact us in London: +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 23, 2010 11:23 ET (15:23 GMT)