Stock Analysis
- Switzerland
- /
- Luxury
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- SWX:CFR
Compagnie Financière Richemont First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags
Compagnie Financière Richemont (VTX:CFR) First Half 2023 Results
Key Financial Results
- Revenue: €9.68b (up 24% from 1H 2022).
- Net income: €2.11b (up 42% from 1H 2022).
- Profit margin: 22% (up from 19% in 1H 2022). The increase in margin was driven by higher revenue.
- EPS: €3.72 (up from €2.63 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Compagnie Financière Richemont Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Luxury industry in Europe.
Performance of the market in Switzerland.
The company's shares are up 10% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Compagnie Financière Richemont's balance sheet.
Valuation is complex, but we're helping make it simple.
Find out whether Compagnie Financière Richemont is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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