Jean-Jacques Guiony
Chief Financial Officer
Replay available
LVMH Moët Hennessy - Louis Vuitton (LVMHF) Q3 2025 Earnings Call
LVMH Moët Hennessy - Louis Vuitton (OTC: LVMHF) Q3 2025 earnings conference call, held 2025-10-14. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Rodolphe Ozin
Head of Investor Relations
Susanna Poos
Analyst, UBS
Antoine Berge
Analyst, BNP Paribas Exane
Erwan Aramburg
Analyst, HSBC
Thomas Chauvet
Analyst, Citi
Oliver Chen
Analyst, TD Cowen
Ashley Wallace
Analyst, Bank of America Merrill Lynch
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Lvmh Moet Hennessy Louis Vuitton Se.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.102 Ladies and gentlemen, good afternoon. I hope you are well. 00:00:04.102 -- 00:00:09.737 I'm here with Rodolphe Ozin, who is our head of investor relations, 00:00:09.737 -- 00:00:15.252 and together we are very pleased to welcome you on our third quarter sales call. 00:00:15.252 -- 00:00:20.240 As usual, I will start with the highlights of the quarter, then Rodolphe will take you 00:00:20.240 -- 00:00:25.389 through the details of the division. I will conclude and then will be 00:00:25.389 -- 00:00:28.474 happy to answer your questions. 00:00:28.474 -- 00:00:33.884 Before we start, I kindly ask you to read the safe harbour statement on page 00:00:33.884 -- 00:00:37.149 2 of your presentation, before 00:00:37.149 -- 00:00:41.834 I move to page 3 and start the presentation. 00:00:43.265 -- 00:00:48.192 LVMH showed good resilience in the first nine months of 2025 00:00:48.192 -- 00:00:53.520 with improved trends in Q3 across all business groups. 00:00:53.520 -- 00:00:58.547 Fashion and leather goods in particular benefited from solid local demand 00:00:58.547 -- 00:01:00.650 in its key nationalities, 00:01:00.650 -- 00:01:05.737 with mainland China turning positive in Q3, solid growth in the US, 00:01:05.737 -- 00:01:10.925 which improved sequentially compared to Q2, and positive growth with 00:01:10.925 -- 00:01:14.734 Europeans in line with previous quarter. 00:01:14.734 -- 00:01:20.508 The Euro strength against key currencies generated a highly negative minus 5% 00:01:20.508 -- 00:01:25.541 impact in Q3, and currencies also remained a strong headwind to 00:01:25.541 -- 00:01:30.630 offshore demand in Europe and in Japan. Finally, all divisions 00:01:30.630 -- 00:01:34.836 continue to innovate and move forward with their strategies. ...