International
Richemont profits drop 17% to €2.2bn
The jewellery maisons delivered a €2.3bn (£1.90bn) operating result and a corresponding 32.9% operating margin
Richemont has reported a 17% decrease in operating profits to €2.2bn (£1.82bn) for the six-month period ended 30 September 2024, reflecting the impact of the decline in sales at its specialist watchmakers, a slight gross margin erosion and ongoing investments for its maisons’ long-term growth.
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