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2023-11-10 06:14:03
Zurich (awp) – The luxury group Richemont recorded increased results in the first half of its staggered financial year ending at the end of September, but revenue growth slowed compared to previous months.
During the period under review, sales grew by 6% to 10.2 billion euros while operating profit fell by 2% to 2.7 billion. The related margin lost 210 basis points to 26%.
The net profit for its part stood at 1.5 billion compared to a loss of 766 million due to a one-off effect.
The results are somewhat lower than the expectations of analysts consulted by AWP.
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