The world’s leading luxury holding group has released a disappointing set of H1 19/20 results, both top-line growth and the operating margin have missed consensus expectations. Given the group’s relatively high exposure to hard-luxury (jewellery & watches), the protest in Hong Kong has significantly weighed on the group’s activity in H1 19/20 (30 September 2019).
08 Nov 2019
Operating margin declined at two main profitable maisons
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Operating margin declined at two main profitable maisons
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
08 Nov 2019 -
Author:
Jie Zhang -
Pages:
3
The world’s leading luxury holding group has released a disappointing set of H1 19/20 results, both top-line growth and the operating margin have missed consensus expectations. Given the group’s relatively high exposure to hard-luxury (jewellery & watches), the protest in Hong Kong has significantly weighed on the group’s activity in H1 19/20 (30 September 2019).