EARNINGS FORECAST TABLE: LVMH Q1 2012

The following is a summary of analysts' forecasts for LVMH (MC.FR) first-quarter results, based on a poll of nine analysts conducted by Dow Jones Newswires (figures in million euros, EPS and target price in euro, organic growth in percent, according to IFRS). Earnings figures are scheduled to be released April 18.

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                             Organic 
1st Quarter      Revenue      growth 
 
AVERAGE            6,425        13 
Prev. Year         5,247        17 
+/- in %             +22       -22 
 
MEDIAN             6,450        13 
Maximum            6,483        16 
Minimum            6,297        12 
Amount                 9         8 
 
BoA-Merrill Lynch  6,450        13 
Credit Suisse      6,297        12 
J.P. Morgan        6,445        13 
Kepler  CM         6,465        13 
Natixis            6,372        -- 
Raymond James      6,460        13 
Renaissance BJM    6,483        14 
Societe Generale   6,450        16 
UBS                6,400        13 
 
 
 
               Target price  Rating 
 
AVERAGE              137.60  positive 3 
Prev. Quarter        130.86  neutral  2 
+/- in %               +5.2  negative 0 
 
MEDIAN               140.00 
Maximum              147.00 
Minimum              120.00 
Amount                    5 
 
Credit Suisse        140.00  Outperform 
J.P. Morgan          120.00  Neutral 
Natixis              147.00  Buy 
Renaissance BJM      140.00  Hold 
UBS                  141.00  Buy 
=== 

Year-earlier figures are as reported by the company.