Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Compagnie Financière Richemont    CFR   CH0210483332

COMPAGNIE FINANCIÈRE RICHEMONT (CFR)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Compagnie Financiere Richemont : Richemont 1st Half Net Profit Soared on One-Time Gain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2018 | 07:41am CET

By Cristina Roca

Compagnie Financiere Richemont SA (CFR.EB) said Friday that net profit soared in the first half of fiscal 2019 on the back of a one-off gain from the revaluation of YNAP shares.

Richemont's first-half net profit rose to 2.25 billion euros ($2.57 billion) from EUR974 million during the same period last year.

The Swiss luxury company said its profit increase reflects a EUR1.38 billion gain on the revaluation of existing shares of the YNAP business, which it acquired earlier this year. Excluding this, profit for the period was EUR875 million, down 10% on year, the company said.

Richemont, known for its Cartier and Piaget brands, said revenue for the first six months rose 21% to EUR6.81 billion thanks to growth in all its business areas. This represents 24% growth on a constant-exchange basis, the company said.

The online-distributors division, which comprises the YNAP and Watchfinder businesses, had sales of EUR893 million in the first half and recorded a EUR115 million loss, which Richemont said was mostly due to the amortization of intangible assets.

Write to Cristina Roca at cristina.roca@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPAGNIE FINANCIÈRE RICHE
11/09RICHEMONT 1ST HALF : All Eyes on E-Commerce -- Earnings Review
DJ
11/09COMPAGNIE FINANCIERE RICHEMONT : Cartier Owner Faces a Glut of Fancy Watches -- ..
DJ
11/09COMPAGNIE FINANCIERE RICHEMONT : Richemont 1st Half Net Profit Soared on YNAP Sh..
DJ
11/09COMPAGNIE FINANCIERE RICHEMONT : Richemont 1st Half Net Profit Soared on One-Tim..
DJ
11/09Richemont announces interim results ending 30 September 2018
TE
11/06COMPAGNIE FINANCIERE RICHEMONT SA : half-yearly earnings release
10/29Richemont partners with Alibaba in new luxury venture
AQ
10/26COMPAGNIE FINANCIERE RICHEMONT : Iman vows to 'never' remarry after David Bowie'..
AQ
10/26COMPAGNIE FINANCIERE RICHEMONT : Richemont, Alibaba Team Up to Target China's Lu..
DJ
10/26COMPAGNIE FINANCIERE RICHEMONT : Richemont, Alibaba Team Up to Target China's Lu..
DJ
More news
News from SeekingAlpha
11/15Tracking Gardner Russo & Gardner Portfolio - Q3 2018 Update 
11/12Compagnie Financiere Richemont AG (CFRUY) Q2 2019 Results - Earnings Call Tra.. 
11/09Compagnie Financiere Richemont reports 1H results 
10/30Tracking Ken Fisher's Fisher Asset Management Portfolio - Q3 2018 Update 
10/11RICHEMONT : Capital Allocation And Value Creation Par Excellence 
Financials (€)
Sales 2019 13 972 M
EBIT 2019 2 305 M
Net income 2019 2 399 M
Finance 2019 3 303 M
Yield 2019 3,21%
P/E ratio 2019 14,79
P/E ratio 2020 16,52
EV / Sales 2019 2,00x
EV / Sales 2020 1,82x
Capitalization 31 286 M
Chart COMPAGNIE FINANCIÈRE RICHEMONT
Duration : Period :
Compagnie Financière Richemont Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMPAGNIE FINANCIÈRE RICHE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 77,5 €
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Jérôme Lambert Group Chief Executive Officer, COO & Director
Johann Peter Rupert Executive Chairman
Burkhart Grund Chief Financial Officer & Director
Alan Grant Quasha Non-Executive Director
Jan Rupert Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPAGNIE FINANCIÈRE RICHEMONT-22.85%35 467
PANDORA-48.20%5 848
LAO FENG XIANG CO LTD-11.20%2 309
CHOW TAI SENG JEWELLERY CO LTD--.--%2 194
CHOW SANG SANG HOLDINGS INTRNL LTD-30.86%1 128
GUANGDONG CHJ INDUSTRY CO., LTD.--.--%697