Kingcapital: Good News for VMH Group as Key Departments Improve Performance.

Piral Dadhania and Richard Chamberlain of Gao Huang Capital Markets stated in a research report that LVMH Group's fourth quarter performance showed improvement in its key fashion and leather goods department, which may be welcomed by investors. "We do not expect major revisions in average profit expectations, but given the confirmed continuous improvement in the fashion and leather goods department, and profit margins performing better than expected, we do expect this performance report to bring about a slight positive response," the analysts said. The Royal Bank of Canada stated that the department under the French luxury goods conglomerate, which owns the Louis Vuitton and Dior brands, saw a 3% decline in organic revenue for the quarter, but this should be enough to confirm its growth momentum. The Royal Bank of Canada stated that total revenue was 1% higher than the average expected, with pre-tax income 4% higher than expected.