Richemont : The strength of H1 results, partly exceptional, prompts a significant increase in forecasts, still no agreement on YNAP
>H1 EBIT close to 30% above forecasts, Cartier faring very well indeed but a marked improvement for the rest - Group sales in H1 came in at € 8,907m, representing a difference of around c.+4% vs the Visible Alpha consensus prior to the publication at close to € 8,600m but this difference was actually close to double for Q2 alone (with Q1 already known) which came in at € 4,510m, reflecting y-o-y growth at constant currency (cc) of 29% with very favourable performance...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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