Company Earnings UpdateCompagnie Financière Richemont (SWX: CFR) FY19 Results: Sales and Profits Jump After YNAP Acquisition Coresight Research May 20, 2019 Executive Summary Compagnie Financière Richemont reported FY19 revenues of €14.0 billion, slightly above the €13.9 billion consensus estimate recorded by S&P Capital IQ, and up 27.3% year over year. During the year, Richemont acquired full control of YOOX NET-A-PORTER (YNAP) and also acquired Watchfinder.co.uk. The company did not provide quantitative guidance for FY20 but Chairman Johann Rupert stated that Richemont “remains confident in [its] ability to achieve [its] long term ambitions.” Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Lower-Income Consumers’ Financial Sentiment Hits Record Low Amid Iran Conflict: US Consumer Survey InsightsAnalyst Corner: Navigating the “SaaSpocalypse,” with John HarmonFive Ways AI Is Being Used in Grocery and Mass Retailing—and What’s NextInnovator Profile: Kalder—Monetizing Customer Loyalty with White-Label Cashback and Rewards
