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 newsMarketScreener StrategiesAnalyst Recommendations

Compagnie Financiere Richemont : Richemont 3Q Feels Effect of Yellow Vests, China Trends Hold Up -- Earnings Review

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 10:03am EST

By Cristina Roca



Switzerland's Compagnie Financiere de Richemont reported third-quarter sales on Friday before markets opened. Here's what we watched:



SALES RESULTS: The luxury-goods company posted third-quarter revenue of EUR3.92 billion, falling squarely in line with a consensus estimate provided by FactSet.

WHAT WE WATCHED:

-YELLOW VEST EFFECT: Richemont's sales in Europe dropped compared to the same period last year. The company said the "yellow vest" movement in France, which forced it to close stores on six consecutive Saturdays, was one of the reasons.

-CHINA SLOWS DOWN: Mainland China trends held up, posting double-digit growth, despite Deutsche Bank's concerns that waning demand for hard luxury would drag. However, sales in Hong Kong were weaker due to the strength of the Hong Kong dollar against the yuan. Overall, organic growth in Asia Pacific slowed to 10% from 17% in 1H.

-...BUT LOVES BLING: Sales at Richemont's jewelry brands grew organically by 8%--slightly slower than in 1H, when they grew by 9%. Bryan Garnier analysts note that the store closures in France were hurt sales in this category.

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPAGNIE FINANCIÈRE RICHE
01/18EUROPE : European shares surf to six-week highs on U.S.-China trade progress
RE
01/17Audemars Piguet and Swiss watch rivals hasten shift to in-house sales
RE
01/16COMPAGNIE FINANCIERE RICHEMONT : A touch of romance with Van Cleef & Arpels' Per..
AQ
01/14COMPAGNIE FINANCIERE RICHEMONT : Swiss watchmakers brace for slowing Chinese dem..
RE
01/14European luxury stocks tumble after weak Chinese data
RE
01/11COMPAGNIE FINANCIERE RICHEMONT : Richemont 3Q Feels Effect of Yellow Vests, Chin..
DJ
01/11EUROPE MARKETS: European Stocks Dragged South By Losses For Oil And Auto Comp..
DJ
01/11French protests weigh on Richemont sales as China holds up
RE
01/11Factbox - Impact of 'Yellow Vests' protests on French and European companies
RE
01/11Impact of 'Yellow Vests' protests on French and European companies
RE
More news
Financials (€)
Sales 2019 13 859 M
EBIT 2019 2 172 M
Net income 2019 2 279 M
Finance 2019 2 944 M
Yield 2019 3,04%
P/E ratio 2019 14,33
P/E ratio 2020 17,82
EV / Sales 2019 2,08x
EV / Sales 2020 1,89x
Capitalization 31 704 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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 72,9 €
Spread / Average Target 20%
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 RICHEMONT9.21%36 016
PANDORA3.69%4 608
LAO FENG XIANG CO LTD-6.13%2 662
RAJESH EXPORTS LTD.1.58%2 406
CHOW TAI SENG JEWELLERY CO LTD--.--%1 955
CHOW SANG SANG HOLDINGS INTRNL LTD-7.08%930