Richemont, the Swiss luxury goods group, announces its audited results for the year ended 31 March 2007.
Financial highlights
•Sales increased by 12 per cent to € 4 827 million.
•Operating profit from the luxury goods businesses increased by 24 per cent to € 916 million.
Excluding non-recurring items, operating profit increased by 26 per cent to € 900 million.
•Net profit, including the Group’s share of the results of British American Tobacco, increased by 21
per cent to € 1 329 million. Excluding the impact of non-recurring items in both years, net profit
attributable to unitholders increased by 21 per cent to € 1 350 million.
•Cash generated by the Group’s luxury goods operations was € 970 million.
•The overall dividend for the year, at € 1.25 per unit, represents an increase of 14 per cent.
To read the complete trading statement, click here:
http://www.richemont.com/files/press/bis_bis_bis_results_for_the_year_ended_31st_march_2007.pdf
Source: Compagnie Financière Richemont SA
www.richemont.com