Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2020. As expected in these uncertain times, sales are down. COVID-19 impacted activities but the situation has improved over the past months helped by Chinese demand. For the half-year, sales decreased by 26% at actual exchange rates […]
Following the monthly announcements made by the FHS regarding Swiss watch exports and half-year results by Swatch Group a couple of days ago, it is now time for the other giant of the Swiss watch industry, Compagnie Financière Richemont SA, to announce its first-quarter 2020 results… And, as expected from the current coronavirus situation, lockdown […]
In a statement released this morning, luxury group Richemont – the owner of multiple high-end watch brands, such as IWC, Lange, JLC or Cartier – has announced its results for the year ended 31 March 2020. On a yearly basis, the group recorded revenues of EUR 14, 238 million, up 2% at actual exchange rates […]
Switzerland-based luxury conglomerate Richemont has issued its trading update for the quarter ended 31 December 2019. Richemont announced that at EUR 4,156 million, sales in the quarter rose 6% at actual exchange rates and 4% at constant exchange rates. The business statement was particularly awaited, considering the situation in Hong Kong, a major business hub […]
Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 31 September 2019. In these unaudited consolidated results, the Group shows overall growth, however, the situation has to be nuanced: on one side, there is positive impact in the Jewelry Maisons and Online distributors, on the other, almost flat […]
The FHS (the “Fédération de l’industrie Horlogère Suisse” or Federation of the Swiss Watch Industry) just released the export statistics for the first half of 2019. Ex-factory shipments of Swiss Watches rose 1.4% in value to CHF 10.666 billion. For the month of June, exports dropped by 10.3%, thus having a significant negative effect on […]
While yesterday Swatch Group announced mild results with declining sales, it is now time for its main competitor, Richemont Group, to publish its financial results for the first quarter ended 30 June 2019 (note: Richemont’s financial year starts on April 1st). And the report is overall positive, with certain exceptions on some regions and activities. […]
Richemont just announced its audited consolidated results for the fiscal year ended 31st March 2019. At EUR 13.989 million, the luxury conglomerate sales increased by 27% at actual and constant exchange rates. The operating profit grew by 5% to EUR 1.943 million. Profit for the year rose to EUR 2.787 million including a post-tax non-cash […]
Just before the opening of SIHH 2019 (Salon International de la Haute Horlogerie), Switzerland-based luxury conglomerate Richemont has released its trading update for the quarter ended 31 December 2018. Richemont announced that sales in the quarter rose 25% at actual exchange rate and 24% at constant exchange rate – results that should, however, be nuanced across the business portfolio.
In a press release published about an hour ago, Richemont just announced its consolidated results for the six month period ended 30 September 2018. Sales increased by 21% at actual exchange rates to EUR 6,808 million and by 24% at constant exchange rates. This comes as no surprise as Richemont had announced last month satisfactory sales for the first 5 months (up 25% at constant exchange rate). However, the growth rate seems to be slowing down.