15:45 - 14.04.2023

---

April 14, Fineko/abc.az. LVMH, Europe’s largest company by market value, has now made it to the world’s top 10.

A first-quarter sales beat sparked a 5% increase in the share price Thursday, giving the luxury powerhouse a 29% rally for the year. That, along with a gain in the euro against the dollar, lifted LVMH’s market capitalization to $486 billion, briefly ranking it as the world’s 10th-biggest company. Should it reach $500 billion, it would become the first European company to achieve that milestone.

The first place in the list of the most valuable companies in the world is occupied by Apple, whose value exceeds $2.5 trillion. Microsoft ranks 2nd with $2.11 bn and Aramco - 3rd with $1.9 trillion. Tesla ranks 8th with $571 bn, and Meta-platforms - 9th with $555 bn.