Report
Jean Danjou

Richemont : Maisons Joaillères tient le coup mais le reste va vraiment mal, nous restons circonspects pour la suite

>CA T1 : la performance hors Maisons Joaillères est vraiment mauvaise - Maisons Joaillères – la division qui représente l’essentiel des profits du groupe - affiche un recul des ventes au T1 (correspondant au T2 calendaire) de 41% à taux de change constants à 1 083 M€, c’est proche de notre estimation à -40% et devrait constituer une performance honorable rapportée à l’ensemble des publications du secteur sur ce trimestre qui, il faut le rappeler, a été marqué par la ...
Underlying
Compagnie Financiere Richemont SA

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean Danjou

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