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

Delayed Quote. Delayed  - 11/17 05:30:23 pm
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Compagnie Financiere Richemont : Richemont 1st Half Net Profit Soars on Strong Growth

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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]

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Financials (€)
Sales 2018 11 205 M
EBIT 2018 2 121 M
Net income 2018 1 723 M
Finance 2018 5 976 M
Yield 2018 2,45%
P/E ratio 2018 24,26
P/E ratio 2019 21,54
EV / Sales 2018 2,92x
EV / Sales 2019 2,71x
Capitalization 38 668 M
Chart COMPAGNIE FINANCIÈRE RICHE
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Compagnie Financière Riche Technical Analysis Chart | CFR | CH0210483332 | 4-Traders
Technical analysis trends COMPAGNIE FINANCIÈRE RICHE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 81,1 €
Spread / Average Target 9,1%
EPS Revisions
Managers
NameTitle
Johann P. Rupert Executive Chairman
Jérôme Lambert Director & Head-Operations
Burkhart Grund Chief Financial Officer & Director
Alan Grant Quasha Non-Executive Director
Jan Rupert Non-Executive Director
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