Changes in Hong Kong stocks | Prada (01913) fell more than 4% Luxury goods group LVMH's third quarter results fell short of expectations

Zhitongcaijing · 10/16 01:49

The Zhitong Finance App learned that Prada (01913) fell by more than 4%. As of press release, it was down 4.49% to HK$51, with a turnover of HK$24.462 million.

According to the news, LVMH, the world's largest luxury goods group, announced its third-quarter earnings results on Tuesday, facing the worst quarterly performance since the global pandemic in Q2 2020. The Group's overall sales fell 3% in Q3. Sales of fashion and leather goods fell for the first time since the pandemic. Organic revenue from key divisions of the Group's brands, including Louis Vuitton (Louis Vuitton) and Christian Dior (Christian Dior), fell 5% in the third quarter, after analysts expected a slight increase.