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richemont reports strong luxury goods sales driven by jewelry and watches

Compagnie Financière Richemont SA, a leading luxury goods manufacturer, generates 69.1% of its sales from jewelry, with Cartier as the top brand. The company also specializes in luxury watches (18.3%) and other products (12.6%), with retail distribution accounting for 69% of sales. Geographically, China leads with 26.1% of sales, followed by the United States at 18.9%.

Swiss stock market poised for growth with Richemont leading the charge

The Swiss stock market has started the year strongly, with all SMI stocks rising except for Geberit and Kühne + Nagel International. Richemont led the gains with a nearly 25% increase in year-to-date performance, driven by robust jewelry sales, while UBS benefited from positive results from US banks.Technically, the SMI is testing last year's high of 12,500 points, with potential to reach its 2021 record of 13,000 points in the coming months, contingent on global economic acceleration. A pullback below the 200-session moving average at 11,950 points would invalidate this bullish outlook.

ubs increases richemont target price to 180 francs with buy rating

UBS has raised its target price for Compagnie Financière Richemont SA to 180 francs, maintaining a 'Buy' rating. The luxury goods manufacturer generates 42.2% of its sales from jewelry, 31.1% from luxury watches, and 26.7% from other products, with a significant portion of sales occurring in China (26.1%) and the USA (18.9%). Distribution channels include retail (69%), wholesale (25.1%), and online (5.9%).

richemont maintains strong luxury goods sales across diverse global markets

Compagnie Financière Richemont SA, a leading luxury goods manufacturer, generates 69.1% of its sales from jewelry, primarily through brands like Cartier and Van Cleef & Arpels. The company also specializes in luxury watches (18.3%) and other products (12.6%), with retail distribution accounting for 69% of sales. Geographically, China leads with 26.1% of sales, followed by the United States at 18.9%.

ubs rates richemont a buy with target price of 150 francs

UBS has rated Compagnie Financière Richemont SA a 'Buy' with a target price of 150 francs. The luxury goods manufacturer generates 42.2% of its sales from jewelry, 31.1% from luxury watches, and 26.7% from other products, with a significant portion of sales coming from China (26.1%) and the USA (18.9%). Distribution channels include retail (69%), wholesale (25.1%), and online (5.9%).
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