The jewellery giant has released an outstanding start to the new financial year (Q1 at Richemont equivalent to peers’ Q2).
The top line jumped 22% vs. Q1 19, driven by the continued strong momentum in the Jewellery business and an impressive improvement in the Watch business.
Sadly, given the high valuation of Richemont and other luxury stocks, the better-than-expected results were not enough to push the share price.
16 Jul 2021
Another impressive quarter
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Another impressive quarter
Compagnie Financiere Richemont SA (CFR:SWX) | 0 0 0.0%
- Published:
16 Jul 2021 -
Author:
Jie Zhang -
Pages:
3
The jewellery giant has released an outstanding start to the new financial year (Q1 at Richemont equivalent to peers’ Q2).
The top line jumped 22% vs. Q1 19, driven by the continued strong momentum in the Jewellery business and an impressive improvement in the Watch business.
Sadly, given the high valuation of Richemont and other luxury stocks, the better-than-expected results were not enough to push the share price.