Richemont (CFRUY.PK), the Swiss luxury goods group, reported pretax profit of 2.38 billion euros for the year ended 31 March 2013, compared to 1.80 billion euros last year. Profit attributable to owners of the parent company was 2.01 billion euros or 3.595 euros per share, compared to 1.54 billion euros or 2.756 euros per share prior year. The Board of Richemont proposed a dividend of CHF 1.00 per share.
The Group's operating profit was 18% higher than the prior year. Richemont said the net profit rise was largely achieved due to the non-recurrence of non-cash charges related to the strengthening of the Swiss franc in the previous year. Gross profit rose by 15%.
Sales increased by 14% to 10.15 billion euros from 8.87 billion euros last year. Sales rose 9% on a constant currency basis. The Group said the year-on-year sales increase reflected, in particular, growth in its own retail network, bolstered by very strong demand from tourism in Europe. The Americas region also remained strong throughout the year, Richemont said.
Headline earnings for the year ended 31 March 2013 was 2.02 billion euros, compared to 1.55 billion euros last year. Headline earnnigs per share for the year was 3.607 euros, compared to 2.772 euros last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.