Na imagem, figuram a Lancel e a Shanghai Tang, entretanto alienadas
O grupo suíço de luxo Richemont, líder mundial de Alta Relojoaria, anunciou hoje os resultados não auditados refefrentes ao semestre de Abril a Setembro de 2018, apresentando aumento de 21 por cento no valor de vendas e de 16 por cento nos lucros.
De salientar o crescimento de dois dígitos nas boutiques directamente operadas pelo grupo, lideradas pelas vendas de relógios e jóias.
Os principais indicadores:
YOOX NET-A-PORTER GROUP (YNAP) and Watchfinder.co.uk (Watchfinder) consolidated in the Group’s accounts since 1 May and 1 June 2018, respectively
Group sales increased by 21% at actual exchange rates to € 6 808 million and by 24% at constant exchange rates
Online retail* sales, now reported separately, amounted to 14% of Group sales
Excluding YNAP and Watchfinder, sales rose by 6% at actual exchange rates and by 8% at constant exchange rates
- Growth in most regions and all business areas
- Double digit growth in the Group’s directly operated boutiques, led by watches and jewellery
Operating profit of € 1 130 million, down € 36 million following acquisition and disposal-related charges of € 159 million.
Excluding impact of first-time consolidation of YNAP and Watchfinder, operating margin improved to 21.1%
Profit for the period rose to € 2 253 million primarily due to a post-tax non-cash gain of € 1 378 million on the revaluation of YNAP shares held prior to buy-out
Net cash position of € 1 584 million following acquisitions of YNAP and Watchfinder
O comentário de Johann Rupert, Chairman do grupo:
Chairman’s commentary
During the past six months, Richemont strengthened its portfolio with two strategic investments aimed at offering our discerning and globally dispersed clientele more options in how, when and where they engage with and purchase from our Maisons. We now fully own YOOX NET-A-PORTER, the leading online luxury retailer, and Watchfinder, a leading omni-channel platform for premium pre-owned timepieces. As part of the continual assessment of our portfolio, we divested Lancel. These strategic changes have had a material impact on our operating profit and net cash position in the period under review.
Serving our customers is our priority. At the same time, Richemont will ensure that YNAP remains committed to offering brand partners and their clients the best service and we are determined that YNAP remains the neutral, open and compelling go-to destination for online luxury.
More recently, on 26 October 2018, we announced a strategic partnership with Alibaba Group, the preferred online marketplace for Chinese consumers, aiming at becoming a significant and sustainable online destination in luxury shopping for the important Chinese clientele. YNAP and Alibaba will establish a joint venture to bring the in-season offerings of YNAP to Chinese consumers, be it in China or whilst travelling abroad. This new chapter in the history of Richemont reflects the potential we see in China and the confidence we have in Alibaba with whom we share an ambition to set new standards for the future of luxury online, for the benefit of YNAP’s brand partners and customers as well as our Maisons and their clients.
Over the six month period ended 30 September 2018, sales increased by 21% at actual rates to € 6.81 billion. Excluding YNAP and Watchfinder, collectively the Online Distributors, sales for the period grew by 6% at actual exchange rates and by 8% at constant exchange rates.
Excluding Online Distributors, sales growth was primarily driven by strong performance of the Jewellery Maisons and double digit increases in the Maisons’ directly operated boutiques and online stores. Robust retail sales in jewellery and watches more than offset a 2% decline in wholesale sales, which was mainly due to the Specialist Watchmakers’ ongoing prudent inventory management and upgrade of the wholesale distribution network. Excluding Online Distributors, all regions with the exception of Middle East and Africa enjoyed higher sales, with notable double digit increases in Hong Kong, Korea and the USA.
In our Jewellery Maisons, watch sales grew strongly in Cartier’s stores, benefiting from the successful Panthère and relaunched Santos collections. Jewellery pieces continued to outperform, notably with the iconic Cartier Love and Van Cleef & Arpels Alhambra collections. The muted sales growth of the Specialist Watchmakers reflected the previously mentioned initiatives. Here, retail was strong and overall there was good momentum at Vacheron Constantin, Roger Dubuis and Jaeger-LeCoultre. Most of our Maisons grouped under ‘Other’ saw higher sales, led primarily by Montblanc and Peter Millar.
The 3% reduction in operating profit to € 1.13 billion reflected an increase in costs which more than offset the improvement in gross profit. These higher costs were primarily attributable to the first-time consolidation of Online Distributors and their related acquisition charges as well as disposal-related charges. The operating margin decreased to 16.6%, but improved to 21.1% excluding Online Distributors.
Profit for the period rose to € 2.25 billion, primarily due to a post-tax non-cash gain of € 1.38 billion on the revaluation of existing YNAP shares. Net cash amounted to € 1.58 billion at 30 September 2018 after a € 3.75 billion cash outflow related to the YNAP and Watchfinder acquisitions and dividend payment.
Richemont’s governance structure continued to evolve with the appointments of Mr Jérôme Lambert to the role of Group Chief Executive Officer and Mr Eric Vallat to the newly created role of Head of Fashion & Accessories Maisons.
Amidst growing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environment, we maintain confidence in our ability to realise our long term ambitions, supported by the strength of our balance sheet.
Our ambition remains to ensure that we continue to create, manufacture and sell exquisite products with a high level of beauty, craftsmanship, patrimony and passion while maintaining continued engagement, relevance and appeal for our clients.
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