LVMH : Accélération de la croissance au 2ème trimestre ; résultats semestriels solides

LVMH posted first-half 2026 sales of €38.6 billion with organic growth of +2%, accelerating to +3% in Q2. Operating margin remained strong at 22.5% with €8.7 billion operating income. The luxury conglomerate showed resilience despite geopolitical challenges, with notable strength in Watches & Jewelry (+9% organic), recovery in Wines & Spirits (+5%), and solid performance from Sephora and flagship stores in Asia.