{"id":84217,"date":"2022-05-20T10:40:33","date_gmt":"2022-05-20T08:40:33","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=84217"},"modified":"2022-05-20T15:34:34","modified_gmt":"2022-05-20T13:34:34","slug":"richemont-reports-exceptional-results-for-the-2021-2022-year","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/richemont-reports-exceptional-results-for-the-2021-2022-year\/","title":{"rendered":"Richemont reports exceptional results for the 2021\/2022 year"},"content":{"rendered":"

Swiss luxury group Richemont<\/a> has released its economic results for its 2021\/2022 off-year. It reports a strong increase, even described as a \u201crecord\u201d .<\/h4>\n

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The group’s overall turnover for the financial year ending in March amounted to 19.2 billion euros<\/strong> (19.7 billion Swiss francs). The latter increased by 46% year-on-year: a result described as “record” by the owner of Cartier.<\/p>\n

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Another sign of the exponential growth of the group’s results: the operating profit (Ebit) soared by 129.4%<\/strong> to 3.39 billion euros, and its net profit improved by 61%<\/strong> to 2.01 billion euros.<\/p>\n

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Interviewed by AWP, analysts revealed that these results were higher than their forecasts<\/strong> and expectations, as they estimated a turnover of 18.9 billion euros and an organic growth of 42.4%.<\/p>\n

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Finally, the group’s most important division, jewelry<\/strong>, recorded a 49% <\/strong>increase in revenue. In watchmaking<\/strong>, they rose by 53%<\/strong>: two significant increases, reflecting a very good economic year, even a “record” year for Richemont.<\/p>\n

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It is mainly the United States<\/strong> that has contributed to Richemont’s results at this economic level, particularly because of the worrying situation in China<\/strong> and the closure of 10% of Richemont’s worldwide points of sale in that country. Also, due to the war in Ukraine, the group has suspended its activities in Russia<\/strong>, as well as its exports and imports to and from that country.<\/p>\n

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Although the group did not really want to comment on its future 2022\/2023 earnings forecasts<\/strong>, it nevertheless felt it was well positioned<\/strong> to take advantage of sustainable trends in its business segment.<\/p>\n

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Read also > WATCHES OF SWITZERLAND REPORTS VERY GOOD RESULTS FOR 2021\/2022 AND OPTIMISTIC OUTLOOK<\/a><\/p>\n

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Featured Photo : \u00a9 Richemont<\/p>\n","protected":false},"excerpt":{"rendered":"

Swiss luxury group Richemont has released its economic results for its 2021\/2022 off-year. It reports a strong increase, even described as a \u201crecord\u201d .<\/p>\n","protected":false},"author":1,"featured_media":77293,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Richemont has released its economic results for its 2021\/2022 off-year. It reports a strong increase, even described as a \u201crecord\u201d .","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Richemont,results,economic,record,fiscal,2021,2022,exceptional,china,russia,united states,swiss,luxury,group","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-84217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/84217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=84217"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/84217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/77293"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=84217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=84217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=84217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}