Swiss luxury goods group, today announced its unaudited financial results for the six months, then increased by 29% to € 4 214 million (£ 3 533 million) - or 36% local currency. The report describes the strong growth in all segments, regions, channels and announced that operating income increased 41% to € 1 075 million (£ 91 million).Jewellery Maisons sales - including Van Cleef & Arpels and Cartier - increased by 34%. The spokesman said: "Both Cartier and Van Cleef and Arpels to perform exceptionally well."
The network of stores Houses "brought more growth and others have benefited from new store openings, mainly in Asia Pacific. The demand for pieces of jewelery and jewelry lines were more accessible sound.
The question for the Cartier collection has also been strong, reflecting the premium policy, and to expand the supply of technical look. A significant increase in sales and continued cost discipline generated an operating margin of 34%.
Specialist watchmakers sales grew 30%. All Maisons very successful around the world, reflecting strong demand for high-end timepieces.
Despite higher input costs and the strong Swiss franc, the contribution margin was 27%, reflecting the power company said the pricing of houses and operating leverage.
Montblanc's sales rose 10%, which was said to reflect a good demand for its range of watches and accessories, especially in Asia Pacific. During the period under review Montblanc continued to modernize the retail and wholesale. House has maintained a profit margin of 16%.
We speak of the results, is president and CEO of Richemont Johann Rupert, said: "We are pleased to report solid earnings in the first half of Maisons, we were able to take advantage of a market to improve its position in jewelry, watches and accessories ..
"The increase in net income was lower than the growth in operating income primarily due to a recurring revenue in the period.
"The financial situation Richemont continues to be strong."
Acknowleding stimulating environment with the luxury market, he added. "To meet the second half of the year and the effects of global economic problems luxurygoods industry in general, and require a comparison of data on which we measure the turnover of the Group in spite of these challenges and are based on the outcome of the Group for the previous year, operating income for the full year should be significantly higher than last year. In addition, Maisons creativity and responsiveness to our colleagues, our confidence in our business model and rigid sheets will allow us to continue to invest in companies' long-term in spite of great concern to the global economic environment. "
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