Richemont : No slowdown in activity but the share is no longer poorly valued
>Short-term trend in activity still favourable, the margins seen in H1 cannot be extrapolated, this is not a surprise - From our company contact before the start of the closed period, we understand that there is no reason to amend the overall trend outlined by the company at the first-half earnings report in mid-November. The trend remains at least just as good this quarter (calendar Q4 or Q3 in Richemont’s financial year) as in the previous quarter in terms of 2-yea...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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