This company’s cell reached pre-Corona levels, shares reached record highs

The company's stock has increased by more than 60% in the last one year.

The company’s stock has increased by more than 60% in the last one year.

Sales of the French luxury goods company LVMH crossed the pre-Pandemic level, causing its shares to reach their all-time highs in European markets

New Delhi. Shares of French luxury goods company LVMH reached their all-time high in European markets today. The reason for this is the tremendous sales of the company in the coronary period. Today, the shares of the company reached 614 euros i.e. 55195.53 rupees on the French stock exchange Euronext Paris. In the last one year, the company’s stock has increased by more than 60%.
Shares of LVMH, the world’s largest luxury goods company, were trading at 610.50 euros, up 2.64% according to Indian time today. LVMH’s share has been increased by its rival companies Kering, which produces products from the Gucci brand name, and Hermes shares have gained a lot. This rise in the stock of LVMH has come due to better than expected results of the company.
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30% increase over first quarter of 2020

LVMH has made tremendous gains in the first quarter (January-March) of 2021 and its sales growth has been higher than the pre-Kovid level. The company’s sales in Q1 of 2021 increased by 30% compared to the first quarter of 2020 and reached 13.96 billion euros. This amount is also 8% more than the sales of the year 2019.
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French company acquired American jewelery company Tiffany

Significantly, LVMH has acquired American jewelery company Tiffany. Tiffany’s sales have also increased by 30% in the year 2021. Tiffany’s net sale stood at 14 billion euros. Let me tell you that in 2021, so far LVMH shares have jumped more than 20%.
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