- Richemont’s operating profit for the first half reached €2.36 billion, surpassing estimates of €2.16 billion.
- Overall sales increased by 10% at constant exchange rates, exceeding the forecast of 6.94%.
- Europe’s revenue rose by 11%, outperforming the expected 9.85% increase.
- Asia Pacific showed a 5% revenue growth, compared to the anticipated 1.28% rise.
- The Americas achieved an 18% revenue growth, above the 14.2% projection.
- Japan’s revenue decreased by 4%, better than the expected 6.21% drop.
- The Middle East and Africa saw a 19% revenue boost, topping the 14.4% estimate.
- Retail sales recorded a 10% increase, against the estimated 7.76% rise.
- Wholesale and royalty income sales grew by 9%, significantly above the 4.14% forecast.
- Total sales reached €10.62 billion, higher than the projected €10.42 billion.
- Jewellery Maisons sales amounted to €7.75 billion, surpassing the estimate of €7.57 billion.
- Specialist Watchmakers reported sales of €1.56 billion, slightly above the expected €1.53 billion.
- Operating margin was 22.2%, topping the 21% estimate.
- Jewellery Maisons achieved an operating margin of 32.8%, above the 31.6% forecast.
- Specialist Watchmakers’ operating margin stood at 3.2%, below the expected 4.45%.
- The gross margin was 65.3%, compared to the anticipated 66.3%.
- Analysts’ recommendations include 19 buys, 12 holds, and 0 sells.
A look at Cie Financiere Richemont Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Compagnie Financiere Richemont SA, a company known for manufacturing and selling luxury goods, has received positive ratings in various aspects of its operations. With a high score in Growth, Resilience, and Momentum, the company is poised for long-term success. These scores indicate that Richemont is well-positioned for future expansion and is capable of withstanding market challenges, showcasing strong performance and potential for growth.
Despite having average scores in Value and Dividend, Richemont’s overall outlook remains favorable due to its impressive ratings in key areas crucial for sustained success in the luxury goods sector. Customers worldwide continue to be attracted to the jewelry, watches, and other luxury products offered by Richemont, solidifying its position as a leading player in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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