Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — Richemont — Q1 FY2024 Earnings Presentation
9 slides from Compagnie Financiere Richemont Sa's earnings presentation, Jun 30, 2023
Slide 1: Q1-24 Trading Update
Q1-24 TRADING UPDATE 30 JUNE 2023
Slide 2: Forward-looking statements
Certain of the matters discussed in this document about our and our subsidiaries’ future performance, including, without limitation, store openings and closings, product introductions, sales, sales growth, sales trends, store traffic, Richemont's strategy and initiatives and the pace of execution th
Slide 3: Q1-24 Highlights: Solid Start to the Year
Q1-24 HIGHLIGHTS: SOLID START TO THE YEAR › Robust performance on demanding comparatives and uncertain macroeconomic environment Q1 sales up by +19% at constant exchange rates and +14% at actual exchange rates › Growth across almost all regions and distribution channels and all business areas at a
Slide 4: Double-digit growth in all regions except Americas
Q1-24 DOUBLE-DIGIT GROWTH IN ALL REGIONS EXCEPT AMERICAS % of sales, % change at actual rates, % change at constant rates › Strong rebound in Asia Pacific on soft comparatives and reopening 21% +10% of China; vigorous growth in +11% Hong Kong SAR and Macau SAR in Europe Japan 8% particular 21% -4% +
Slide 5: Sales growth across all channels
Q1-24 SALES GROWTH ACROSS ALL CHANNELS › Retail, at +24%, outperforms the other channels with double-digit increases in almost all regions and all business areas; now 68% of Group sales highlighting the continued ‘retailisation’ of our Maisons › Online retail’s 2% growth reflects varied performance
Slide 6: Growth across all business areas
Q1-24 GROWTH ACROSS ALL BUSINESS AREA › Jewellery Maisons: sales +24%, with strength across all Maisons, all channels and almost all regions › Specialist Watchmakers: sales +10% with outperformance of the most ‘retailised’ Maisons; underpinned by strong retail sales and growth across all regions, ex
Slide 7: Further improvement in ESG
Q1-24: FURTHER IMPROVEMENT IN ESG › First ESG Report established in accordance with GRI Standards, with 40 KPIs independently assured › First ESG report to be released the same day as the annual report in line with best practice reporting standards › Recognised as one the most attractive employers f
Slide 8: Definitions
DEFINITIONS › yoy means year on year change vs quarter ended 30 June 2022 › Movements at constant exchange rates are calculated by translating underlying sales in local currencies into euros in both the current period and the comparative periods at the average exchange rates applicable for the finan
Slide 9: Richemont Maisons
Buccellati • Cartier • Van Cleef & Arpels • A. Lange & Söhne • Baume & Mercier • IWC • Jaeger-LeCoultre • Panerai • Piaget • Roger Dubuis • Vacheron Constantin • Alaïa • AZ Factory • Chloé • Delvaux • dunhill • Montblanc • Peter Millar • Purdey • Serapian • TimeVallée • Watchfinder & Co. • NET-A-POR