17:54 - 23.05.2025

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May 23, Fineko/abc.az. French luxury goods manufacturer LVMH Moet Hennessy Louis Vuitton SA has left the Top 5 largest companies in Europe by capitalization after a sharp decline in the share price this year.

Since the beginning of the year, company's market value has decreased by about 25% and now stands at about 239 billion euros, Bloomberg writes. According to this indicator, it ranks sixth in Europe, behind Nestle, Hermes, ASML, Novo Nordisk and SAP.

German IT solutions developer SAP, the most expensive European company, has capitalization of almost 310 billion euros.

Pressure on LVMH's quotes, as well as on the securities of other representatives of the luxury segment, is exerted by weak demand in China and concerns about duties on the supply of goods to the U.S.

Earlier, Barclays analyst Carol Maggio downgraded the recommendation for LVMH securities to "at the market level", noting that she did not expect sales growth to resume in company's key fashion and leather goods division this year.