Richemont : Cartier ends the year on a high but let’s keep a cool head
>Jewellery Maisons up +14% for the group's fiscal Q3, group sales 5% above the consensus - The positive surprise of the previous quarter (at constant currency (cc): jewellery Maisons +7% y-o-y, hence the modest decline in sales of -2%) was not a flash in the pan, with the group confirming, for its fiscal Q3/calendar Q4, total sales growth of +5%cc, buoyed by sales at the jewellery houses which posted double-digit growth of +14% (cf. see tables below). This is well abo...Compagnie Financiere Richemont is engaged in the luxury goods market. Co.'s interests encompass some names such as Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Co.'s luxury goods businesses are separated into four segments: Jewellery Maisons (design, manufacture and distribution of jewellery products), Specialist Watchmakers (design, manufacture and distribution of precision timepieces), Montblanc Maison (design, manufacture and distribution of writing instruments) and Other Businesses (Alfred Dunhill, Lancel, ChloA(c), Net-a-Porter, Purdey, textile brands and other manufacturing entities).
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