Appendix
At Richemont,
We Craft the Future
FINANCIAL HIGHLIGHTS
Sales
€ million
Sept 21
Sept 20
FY21
FY20
Gross profit € million
Sept 21 | 63.3% |
Sept 20 | 57.8% |
FY21 | 59.8% |
FY20 | 60.5% |
Operating profit
€ million
Sept 21 21.9%
Sept 20 8.3%452
FY21 11.2%
FY20 10.7%
CR | |
8 907 | +65% |
5 478 | -25% |
13 144 | -5% |
14 238 | 0% |
¨ | ||
5 638 | +78% | |
3 165 | -31% | |
7 861 | -9% | |
8 611 | 0% | |
¨ | ||
1 949 | +331% | |
-61% | ||
1 478 | -3% | |
1 518 | -22% |
Profit for the period
HR | € million | |||||
+63% Sept 21 | ||||||
14.0% | 1 249 | |||||
-26% Sept 20 | 2.9% | 159 | ||||
FY21 | ||||||
-8% | 9.8% | 1 289 | ||||
FY20 | ||||||
+2% | 6.5% | 931 | ||||
Net cash
€ million
Sept 21 | 3 153 | ||||
Sept 20 | 2 111 | ||||
FY21 | 3 393 | ||||
FY20 | 2 395 | ||||
Cash flow from operating activities
€ million
Sept 21 | 1 781 | |||
Sept 20 | 926 | |||
FY21 | ||||
FY20 | 2 370 | |||
Dividends
¨ | CHF 1 A share/10 B shares | ¨ | |||
+686% | FY21 | +100% | 2.00 | +100% | |
-82% | FY20 | 1.00 | -50% | ||
+39% | FY19 | 2.00 | +5%+5 % | ||
-67% | |||||
Capex | |||||
¨ | € million | ¨ | |||
+49% | Sept 21 | 272 | +45% | ||
+19% | Sept 20 | 188 | -33% | ||
+42% | FY21 | 513 | -30% | ||
-5% | FY20 | 735 | -11% | ||
Return on operating assets | |||||
¨ | |||||
+92% | FY21 | 10% | |||
0% | FY20 | 10% | |||
3 218 | +36% | FY19 | 13% | ||
+17% |
H1-22 SALES BY PRODUCT LINE
- Graphic represents total Group sales, including Online Distributors
8% | 2% 3% | Jewellery |
43% | ||
11% | Watches |
Clothing | |
Leather goods and accessories
Writing instruments
33% | Other |
Total Group | Excluding Online Distributors | ||||||||||||||||||
Constant | Actual | Constant | Actual | ||||||||||||||||
6 months | €m | H1-22 | rates | rates | H1-22 | rates | rates | ||||||||||||
Jewellery | 3 803 | +71% | +69% | 3 777 | +72% | +69% | |||||||||||||
Watches | 2 924 | +68% | +67% | 2 845 | +69% | +68% | |||||||||||||
Clothing | 956 | +41% | +38% | 274 | +66% | +60% | |||||||||||||
Leather goods and accessories | 731 | +51% | +48% | 362 | +84% | +81% | |||||||||||||
Writing instruments | 191 | +58% | +57% | 191 | +58% | +57% | |||||||||||||
Other | 302 | +79% | +77% | 262 | +74% | +71% | |||||||||||||
Total sales | 8 907 | +65% | +63% | 7 711 | +71% | +69% | |||||||||||||
HEDGING
- 70% of our forecasted net foreign currency cash flow exposure arising primarily in AED, CNY, HKD, JPY, SGD and USD is hedged vs CHF and EUR
- In the case of USD, the net exposure takes into account purchases of precious metals and precious stones
- Realised and unrealised gains/losses on currency derivative contracts are recognised in net finance costs
6 months to 30 Sept 2021 | Average rates | |||
versus CHF | Actual | Hedge | ||
AED | 4.02 | 4.04 | ||
HKD | 8.50 | 8.37 | ||
JPY | 120.05 | 114.01 | ||
SGD | 1.47 | 1.49 | ||
USD | 1.09 | 1.12 | ||
versus EUR | Actual | Hedge | ||
CNY | 7.70 | 8.07 | ||
H1-22 SALES BY REGION AND BUSINESS AREA
Constant | Actual | % of | ||||||||||||||
6 months | €m | Sept 21 | Sept 20 | rates | rates | total | ||||||||||
Europe | 2 009 | 1 234 | +62% | +63% | 23% | |||||||||||
Asia Pacific | 3 789 | 2 556 | +47% | +48% | 42% | |||||||||||
Americas | 1 926 | 900 | +123% | +114% | 22% | |||||||||||
Japan | 526 | 365 | +56% | +44% | 6% | |||||||||||
Middle East and Africa | 657 | 423 | +62% | +55% | 7% | |||||||||||
Total sales | 8 907 | 5 478 | +65% | +63% | 100% | |||||||||||
Constant | Actual | % of | ||||||||||||||
6 months | €m | Sept 21 | Sept 20 | rates | rates | total | ||||||||||
Jewellery Maisons | 5 097 | 3 061 | +69% | +67% | 57% | |||||||||||
Specialist Watchmakers | 1 679 | 966 | +75% | +74% | 19% | |||||||||||
Online Distributors | 1 278 | 934 | +39% | +37% | 14% | |||||||||||
Other | 935 | 545 | +74% | +72% | 11% | |||||||||||
Intersegment sales | -82 | -28 | +198% | +193% | -1% | |||||||||||
Total sales | 8 907 | 5 478 | +65% | +63% | 100% | |||||||||||
Movements at constant exchange rates are calculated by translating underlying sales in local currencies into euros in both the current period and the comparative period at the average exchange rates applicable for the financial year ended 31 March 2021.
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Compagnie Financière Richemont SA published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 06:06:21 UTC.