LVMH shares surged higher today after the company struck a "cautiously" confident tone for the year and said sales had picked up in China in the fourth quarter. 

LVMH shares were up by around 5% this morning, lifting up the shares of other rival luxury goods companies such as Kering, Hermes and Burberry. 

The group's stock price was also on track for its best daily performance since July 2016. 

The company's results, published last night, also showed that growth had picked up at its Louis Vuitton megabrand. 

LVMH, also home to fashion brand Givenchy and champagne label Moet & Chandon, reported revenues of €13.7 billion for the three months from October to December. 

For the full year, LVMH's operating income rose 21% to a record €10 billion, while it also hiked its 2018 dividend to €6 per share from €5 in 2017. 

LVMH's billionaire boss Bernard Arnault said that LVMH was confident over 2019 although he added LVMH could "not control" the global environment.