2023-05-12 06:11:18
The Swiss luxury goods group recorded total sales of 19.95 billion euros for the 2022/2023 annual financial year, up 19%, according to its results published on Friday morning. During the last financial year, Richemont’s turnover amounted to 19.18 billion euros. The operating profit of the owner of 26 houses, including twelve active in watchmaking and jewelry, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, Officine Panerai, or Vacheron Constantin amounts to 5.03 billion euros , up 34%. Its net profit, of 301 million euros, fell, as expected, due to an accounting effect linked to the sale of the online sales platform Yoox Net-a-Porter (YNAP).
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