LVMH Profit Meets Estimates, Says Well-Equipped for Growth

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, reported full-year profit that met analysts’ estimates and said it’s “well-equipped” to maintain growth in 2012.

Net income rose 1 percent to 3.07 billion euros ($4 billion) in 2011, the Paris-based maker of Zenith watches said today. That compares with the 3.06 billion-euro average of 17 analysts’ estimates compiled by Bloomberg. Growth was 34 percent excluding a gain that boosted profit in 2010, LVMH said.