Richemont: FY earnings up 60%
(CercleFinance.com) - Richemont has reported a 60% jump in profit from continuing operations to E3.
91bn for 2022-23, with operating profit up 34% to E5.03bn, leading to an improved operating margin of 25.2%.
The Swiss luxury house achieved record sales of just under E20bn, up 19% (+14% at constant exchange rates), with sales growth in all regions, distribution channels and business sectors.
Its Board will propose to the AGM, scheduled for 6 September, an ordinary dividend of 2.50 Swiss francs per A share (and CHF 0.25 per B share), up 11%, with a special dividend of 1 Swiss franc per A share (and CHF 0.10 per B share).
Copyright (c) 2023 CercleFinance.com. All rights reserved.
91bn for 2022-23, with operating profit up 34% to E5.03bn, leading to an improved operating margin of 25.2%.
The Swiss luxury house achieved record sales of just under E20bn, up 19% (+14% at constant exchange rates), with sales growth in all regions, distribution channels and business sectors.
Its Board will propose to the AGM, scheduled for 6 September, an ordinary dividend of 2.50 Swiss francs per A share (and CHF 0.25 per B share), up 11%, with a special dividend of 1 Swiss franc per A share (and CHF 0.10 per B share).
Copyright (c) 2023 CercleFinance.com. All rights reserved.