Sales Increased By 4.3% In The First Half Of Richemont

The second largest in the world Luxury goods Group CompagnieFinanci reRichemontSA (CFR.VX) has published its first half of fiscal year 2014.

CompagnieFinanci reRichemontSA (CFR.VX), the peak group, sold a total of 5 billion 324 million euros in the first half of September 30, 2013, up 4.3% from 5 billion 106 million euros in the same period last year, an increase of 9% based on fixed exchange rates. Gross margin declined by 90 basis points to 63.9% as the exchange rate fluctuated from 54.8% in the same period last year.

Operating profit fell 0.7% to 1 billion 370 million euros, down from analysts' expectations of 1 billion 400 million euros, and operating margins dropped 130 basis points to 25.7%. Net profit reached 1 billion 185 million euros, an increase of 9.92% over the same period last year, higher than the market average forecast of 1 billion 178 million euros, diluted earnings per share of 2.118 euros, the same period last year was 1.942 euros.

CompagnieFinanci reRichemontSA (CFR.VX), the peak price of the company, opened lower in November 8th, and dropped to 1.72% euros in the time of the deadline, 90.40 euros at the lowest price in the intraday market.

The most interesting ones (including Latest fashion In the first half of the year, sales increased by 6%, from 672 million euros in the same period last year to 712 million euros. The rise in revenue came mainly from the group's acquisition last year. Golf apparel brand PeterMillar and Swiss refiner Varin-Varinor's sales revenue, and the double-digit sales growth of British luxury electric business Net-a-Porter. The group pointed out that the Department's luxury clothing brand AlfredDunhill Dunhill and Chlo have been deteriorating.

The market has recently been widely rumored that CompagnieFinanci reRichemontSA (CFR.VX) will sell its performance to the luxury luxury brands of the industry, such as Chlo, Shanghai, AlfredDunhill and Dunhill. Analysts expect the group's operating profit margin to rise 1-2 percentage points from the current 25% after its poor brand is released.

But after observing that since the beginning of October, jewellers and retailers in the Asia Pacific region began to increase their inventories, and the sales of soft luxury goods sector rebounded, the group decided not to sell any of its businesses and continued to inject capital into net cash with an increase of 27% to 3 billion 860 million euros over the same period. CompagnieFinanci e reRichemontSA (CFR.VX), the acting chairman of Yves-Andr group, said in the earnings report: "there are no solutions in the present or in the future."

According to reports, JohannRupert, chairman of CompagnieFinanci reRichemontSA reRichemontSA (CFR.VX), who is on leave, said in her signature internal documents about the rumors that CFRichemont plans to sell or dispose of certain brands. We will not comment on media speculation, but as a controlling shareholder, I can confirm that I have no plan to dispose of any brand. We have no intention of listing any brand of our company. "