Richemont : Still well-positioned in the short term, the next stage should reflect the overall sector outlook
>Performances should remain flattering for the year-end to March 2022 - Richemont is due to report its full-year results to end-March 2022 on 20 May. In light of recent publications and somewhat impressive Q3 sales (y-o-y growth cc at +38% for jewellery maisons and +25% for specialist watchmakers), we think that the group’s two main divisions saw continuing strong growth in demand in the fourth and last quarter. The slowdown likely to be observed in China at end-March...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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