LVMH becomes the first European company with a capitalization of $500 billion – Kommersant

French premium merchandise maker Louis Vuitton Moet Hennessy has become the first European company to reach a $500 billion market capitalization, also becoming the most valuable public company in Europe. Until that moment, only American corporations — Apple, Microsoft, Google, Amazon, Berkshire Hathaway, Tesla, General Electric, Johnson & Johnson and Meta (recognized as extremist in the Russian Federation and banned), as well as the Chinese oil and gas company Petrochina and the Saudi oil company Saudi Aramco.

The growth of LVMH quotes has recently been facilitated by good salesespecially in China. For the first three months of the year, revenue grew by 17% and amounted to € 21.04 billion – this is twice as high as analysts’ forecasts. Since the beginning of this year alone, LVMH shares have added 30% in price.

Evgeniy Khvostik