Richemont: annual earnings jump 61%
(CercleFinance.com) - Richemont, the Swiss owner of luxury brands such as Cartier and Buccellati, has published a 61% increase in profit for FY ending in March, which reached 2.
08 billion euros, in addition to a 6.5- point improvement in its operating margin to 17.7%.
At nearly 19.2 billion euros, revenue grew by 46% (+44% at constant exchange rates), with double-digit increases across all business lines, regions and channels, in particular driven by retail and the Americas.
The Board of Directors has proposed an ordinary dividend of 2.25 Swiss francs per 'A' share (and 0.225 Swiss franc per 'B' share), up 13%, as well as an additional special dividend of 1.00 Swiss franc per 'A' share or per 10 'B' shares.
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08 billion euros, in addition to a 6.5- point improvement in its operating margin to 17.7%.
At nearly 19.2 billion euros, revenue grew by 46% (+44% at constant exchange rates), with double-digit increases across all business lines, regions and channels, in particular driven by retail and the Americas.
The Board of Directors has proposed an ordinary dividend of 2.25 Swiss francs per 'A' share (and 0.225 Swiss franc per 'B' share), up 13%, as well as an additional special dividend of 1.00 Swiss franc per 'A' share or per 10 'B' shares.
Copyright (c) 2022 CercleFinance.com. All rights reserved.