Richemont : Sector slows down but the investment case retains its merits in relative terms
>Trend remains one of slowing growth, a slight downward adjustment to our forecasts for sales growth, hence a -1%/-2% revision to our average EBIT - As usual, the group has issued no precise indications on the business market in the short term but has retained its cautious tone on the macroeconomic environment overall, which we think suggests that the slowdown in growth observed in Q2 (corresponding to calendar Q3) is continuing, albeit with no sharp fall in demand r...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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