We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 19, 20243:17am

Richemont increases its sales by 9% but profit sinks in first half

The Swiss luxury holding, owner of Montblanc or Cartier, has ended the period with a revenue of 8 billion dollars.

Nov 8, 2019 — 4:01pm
Related topics

Richemont increases its sales by 9% but profit sinks in first half



Richemont profitability sinks in first half. The Swiss holding, owner of companies like Cartier or Montblanc, amongst others, has ended the first six months of the fiscal year with a net profit of 869 million euros, 61% less than the same period a year ago.


Profit for the period of 869 million dollars, broadly stable when excluding the prior year period’s post-tax noncash gain of 1.3 billion on the revaluation of the Yoox Net-a-Porter shares held prior to buy-out.


Richemont online sales grew 28% in first quarter. Sales in Japan increased 13%. In Europe, its local market, the company has raised its turnover by 7%, while in America and Asia Pacific it has grown 5% and 6%, respectively.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment