Richemont : Not that bad in view of the recent share performance
>H1 EBIT -7% below expectations under the impact of currencies but Jewellery Maisons stayed on course with growth of +9% in Q2 and a margin of 35.5% in H1 - The group reported H1 sales of € 10,221m, up +6% and +12% y-o-y at CER (i.e. Q2 up +5% at CER after +19% in Q1), EBIT reached € 2,655m (or a margin of 26.0% versus 28.1% in H1 of the previous year, the group said that at constant exchange rates the margin would have been 28.5%), and reported attributable net profi...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).
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.
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