- Richemont’s operating profit for the fiscal year was €4.47 billion, falling short of the estimated €4.55 billion.
- Sales were reported at €21.40 billion, slightly exceeding the expected €21.33 billion.
- The company’s operating margin came in at 20.9%, below the estimated 21.3%.
- Richemont achieved a gross margin of 66.9%, not reaching the predicted 67.2%.
- Market analysts have rated Richemont with 17 buy recommendations, 16 holds, and 1 sell.
A look at Cie Financiere Richemont Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 retailing luxury goods, is forecasted to have a promising long-term outlook based on Smartkarma Smart Scores. With a solid score of 5 in Growth, Richemont is positioned for potential expansion and development in the luxury goods market. Additionally, scoring a 4 in both Resilience and Momentum, the company shows strength in withstanding challenges and maintaining a positive upward trend in its operations.
Although scoring lower in Value and Dividend at 2 and 3 respectively, which may indicate a higher valuation and moderate dividend yield, the overall outlook for Compagnie Financiere Richemont appears upbeat. As a global provider of jewelry, watches, leather goods, and more, the company’s diverse product range coupled with favorable Smart Scores suggests a promising future ahead.
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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