Stock Analysis

Compagnie Financière Richemont First Half 2023 Earnings: Revenues Beat Expectations, EPS Lags

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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).
SWX:CFR Earnings and Revenue Growth November 17th 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.

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