Compagnie Financière Richemont SA has been rated as a 'Buy' by UBS, with a target price of 144 francs.
Richemont is a leading global luxury goods manufacturer with a diverse range of products. Jewelry, including renowned brands like Cartier and Van Cleef & Arpels, accounts for 42.2% of sales. Luxury watches, featuring prestigious names such as Piaget and Vacheron Constantin, contribute 31.1% to sales. The company's sales are distributed across retail (69%), wholesale (25.1%), and online (5.9%).
Geographically, China represents the largest market for Richemont, accounting for 26.1% of total sales, followed by the United States (18.9%) and Japan (8.5%). Other regions include Europe (14.8%), Asia (13.8%), and the Middle East and Africa (8%).