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Richemont H1 numbers shine thanks to jewellery -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A Cartier boutique on Place Vendome is filled with high-end jewels, Paris, France. July 2, 2019. REUTERS/Regis Duvignau

ZURICH (Reuters), Luxury goods company Richemont stated Friday that volatility is likely to continue in the second half of the year after net profit rebounded and sales grew almost by two-thirds at constant exchange rate in the six month period to Sept. 30,

The net profit for Cartier made 1.249 Billion Euros ($1.43 Billion) during the first half 2021/2022 of its fiscal year. This was after a drop to 159 Mn euros the year before. It beat a Refinitiv poll that predicted 1.151 Billion euro.

The company also stated that it is in advanced discussions with Farfetch (NYSE 🙂 in order to expand their partnership.

($1 = 0.8740 euros)

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