Better than expected Q1 sales for LVMH.

Sales at LVMH were up 17% in Q1 2023, compared with analysts' expectations for 8% growth.

Better than expected numbers were related to China rebound. LVMH said first-quarter sales grew by 14% in Asia, excluding Japan, compared with an 8% decline in the fourth quarter of last year, and the group said it expected China to drive growth in 2023.

In the luxury sector, Richemont and Swatch are the 2 most exposed companies to China.

EasyJet boosting its earnings forecasts on higher volumes and stronger pricing

EasyJet revised up its outlook doubling its previous guidance issued in January for its full year ending in September. Interestingly, travelers are ready to pay higher prices and revenues per seat are up 40%. Capacity is also up 40% and expected to be back to pre-pandemic levels later in the year.

ASML Strong Q1 numbers

ASML also released good numbers for the 1^st Quarter. Q1 GAAP EPS was Eur4.96 20% above market expectations. Revenues of Eur6.7 B rose 91% and Gross Margin was 50.6%. Similar levels are expected in the second quarter.