0651 GMT - Richemont's results seem exceptionally strong and show a very good execution of the jewelry business, RBC Capital Markets analysts Piral Dadhania and Nikolaos Lafioniatis say in a note. The Swiss luxury group reported sales of 6.15 billion euros for its fiscal 3Q ended Dec. 31, up 10% on year. This was ahead of consensus estimates of 5.63 billion euros. The beat was across all regions and divisions, with an exceptional acceleration at the group's core jewelry business over the holiday period, they say. "We expect these results to read-across positively to the wider luxury sector with positive share price reactions across the board," they say. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 01:51 ET (06:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。