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

COMPAGNIE FINANCIÈRE RICHEMONT

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Compagnie Financiere Richemont : Richemont Fiscal Year 2019 Net Profit Up on One-Off Gain; Sales Rise

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05/17/2019 | 02:05am EDT

By Cristina Roca and Anthony Shevlin

Compagnie Financiere Richemont SA (CFR.EB) said Friday that its net profit for the year ended March 31 rose on a one-off gain.

The Swiss luxury-goods group said net profit for fiscal 2019 was 2.79 billion euros ($3.12 billion), up from EUR1.22 billion the previous year. Analysts had seen Richemont's net profit at EUR2.96 billion, according to a consensus estimate provided by FactSet.

The big jump in profit partly reflects a EUR1.38 billion gain on the revaluation of existing shares of the Yoox-Net-A-Porter business, which Richemont acquired in 2018.

Sales for the year rose 27% to EUR13.99 billion. Analysts had forecast sales at EUR13.91 billion.

The owner of Cartier and Van Cleef & Arpels said it is starting to see the benefits of recent initiatives targeting the qualitative improvement of our distribution network across its business.

Richemont proposed a dividend of CHF2.00 a share, compared with CHF1.90 a share the previous year.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca and Anthony Shevlin at anthony.shevlin@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
COMPAGNIE FINANCIÈRE RICHEMONT -0.79% 85.54 Delayed Quote.36.86%
HEXAGON 2.53% 482.1 Delayed Quote.15.25%
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Financials (EUR)
Sales 2020 12 748 M
EBIT 2020 2 529 M
Net income 2020 2 063 M
Finance 2020 3 229 M
Yield 2020 2,52%
P/E ratio 2020 25,9x
P/E ratio 2021 22,2x
EV / Sales2020 3,19x
EV / Sales2021 2,54x
Capitalization 43 831 M
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Technical analysis trends COMPAGNIE FINANCIÈRE RICHE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 76,12  €
Last Close Price 77,60  €
Spread / Highest target 17,7%
Spread / Average Target -1,91%
Spread / Lowest Target -25,6%
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
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