Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Compagnie Financière Richemont    CFR   CH0210483332

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Compagnie Financiere Richemont : Richemont 1st Half Net Profit Soars on Strong Growth

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 07:56am CET
   By Euan Conley 
 

Richemont SA (CFR.EB) said on Friday that its first-half profit had jumped 80%, bolstered by strong growth across all of its divisions.

Net profit at the Swiss luxury-goods company for the six months ended Sept. 30 rose to 974 million euros ($1.13 billion) from EUR540 million during the same period a year earlier. Half-year operating profit was EUR1.17 billion.

Revenue for the half-year period rose 10% to EUR5.61 billion, with Richemont citing strong sales at the jewelry maisons segment and double-digit growth in China, Hong Kong and the U.K.

"While we cannot predict the environment for the full year, it is clear that the full-year results on a comparative basis will not see the exceptional level of growth reported in the period under review," Johann Rupert, Richemont's chairman, said.

The Switzerland-based owner of Cartier jewelry and watches had said in October that it expected an 80% rise in its first-half net profit and operating profit to increase by 45%.

Richemont on Friday also said on Friday that it had appointed Jerome Lambert as chief operating officer.

Write to Euan Conley at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPAGNIE FINANCIÈRE RICHE
01/19 In sign of times, luxury watchmaker Audemars embraces second-hand
01/17 Burberry sales slip in Christmas quarter
01/16 Stock levels at watch retailers still too high, executives say
01/16 COMPAGNIE FINANCIERE RICHEMONT : The fiftysix collection test drived in london
01/15 COMPAGNIE FINANCIERE RICHEMONT : Cartier watch inventory levels are healthy - CE..
01/15 COMPAGNIE FINANCIERE RICHEMONT : Richemont committed to Lancel, Dunhill brands -..
01/11 COMPAGNIE FINANCIERE RICHEMONT : Correction to Story on Richemont 3Q Revenue
01/11 COMPAGNIE FINANCIERE RICHEMONT : Richemont 3Q Revenue Rose Slightly, Moderately ..
01/11 Trading update for the third quarter ended 31 december 2017
01/10 VAN CLEEF & ARPELS CELEBRATES WITH A : Diamond Breeze
More news
News from SeekingAlpha
2017 European luxury sector handed a win by EU court
2017 Ways To Play A Potential Recovery In Swiss Watch Demand
2017 Tracking Gardner Russo & Gardner Portfolio - Q3 2017 Update
2017 Tracking David Winters' Wintergreen Advisers Portfolio - Q3 2017 Update
2017 Compagnie Financière Richemont's (CFRUY) CEO Burkhart Grund on Q2 2018 Result..
Financials (€)
Sales 2018 11 207 M
EBIT 2018 2 125 M
Net income 2018 1 733 M
Finance 2018 7 917 M
Yield 2018 2,40%
P/E ratio 2018 24,95
P/E ratio 2019 22,21
EV / Sales 2018 2,87x
EV / Sales 2019 2,83x
Capitalization 40 090 M
Chart COMPAGNIE FINANCIÈRE RICHE
Duration : Period :
Compagnie Financière Riche Technical Analysis Chart | CFR | CH0210483332 | 4-Traders
Technical analysis trends COMPAGNIE FINANCIÈRE RICHE
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 81,0 €
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Johann Peter Rupert Executive Chairman
Jérôme Lambert Chief Operating Officer & Director
Burkhart Grund Chief Financial Officer & Director
Alan Grant Quasha Non-Executive Director
Jan Rupert Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPAGNIE FINANCIÈRE RICHEMONT0.41%48 988
PANDORA-7.71%11 656
PC JEWELLER LTD26.83%3 629
LAO FENG XIANG CO LTD1.58%2 872
CHOW SANG SANG HOLDINGS INTRNL LTD-2.01%1 601
GUANGDONG CHJ INDUSTRY CO., LTD.--.--%1 521