Os dados mais importantes:
The Richemont group performed particularly well in the months of April to September 2010 with operating and net profits up by 95% at 760 million euros and 87% at 644 million respectively. Sales in turn were 37% higher at 3,259 million euros (+27% at constant exchange rates). Allowing for the acquisition of Net-à-Porter.com, growth still reached 22% at constant exchange rates.
By sector, jewellery (Cartier and Van Cleef & Arpels) reported sales growth of 32% to 1,619 million euros while its operating profit gained an impressive 55% to 541 million. With Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Söhne, Roger Dubuis and Ralph Lauren, watchmaking made magnificent gains with an operating profit of 259 million euros (+95%) on sales of 901 million (+38%). The specialist in writing instruments, Montblanc recorded an operating profit of 48 million euros (+66%) with sales growth of 28% to 303 million. The group’s other activities (Alfred Dunhill, Lancel, Chloé etc.) did not experience that level of success, even though they managed to cut their operating loss from 28 to 19 million euros overall, with sales 65% higher at 436 million. However, the group attributes this loss mostly to watch movement sales.
Turning to the markets, the Americas and Asia-Pacific are running neck and neck with sales up by 51% at 489 million euros and 50% at 1,157 million respectively. Europe is lagging well behind (+27% at 1,260 million) as too is Japan (+23% at 353 million).
Up 36% compared to the same month last year, October 2010 turnover also confirmed the dynamic growth of sales reported by the Geneva-based luxury group for several months now. However, it is taking a somewhat subdued view of the second half. It expects the high sales growth rates observed since the beginning of the year to slow, because of exchange rate trends and a less favourable base effect.