The shoppers are Gallery La Fayet SA Luxury Depertops in Paris, France, and CIE. Pass the Carti Eragure Reastore operated by Financierichemont SA.
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Cartier owner shares Rich mon The luxury group jumped on Thursday after reporting that even if the demand in China had increased in strongest, the sales in the third quarter had increased by 10 %.
Swiss luxury brands have risen to 6.2 billion euros ($ 6.38 billion) at a certain exchange rate by the end of December, which is called the “highest in history” quarterly sales. According to Reuters, the consensus quoted by RBC significantly exceeded the analysts expected 1 %.
Rich Mont’s shares rose 16.36 % on Thursday.
Other high -end stocks Christian Dior,, LVMH and Hermes The result was a more high -level signal for European luxury sector health during the holiday shopping period.
Rich Mont has reported two digits in all areas, except for the 7 % decrease in sales, with a decrease of 18 % in the comprehensive areas of mainland China, Hong Kong and Macau.
In the past, China, which had an important propulsion in luxurious demand, has been a major resistance to this sector because it has struggled to appear due to the sluggish pandemic macro economy after 199.
Swiss stock prices are facing unstable riding comfort in the past year in top management and a wide range of fluctuations in luxury markets.
The stock has jumped on the appointment of the new CEO Nicholas Boss, the former director of the group Van Cleef & Arpels Jewelry Brand. Stocks are currently increasing 28.75 % a year.
Rich Mont shares YOY.
The result has shown the return to the growth of a company that reported a 1 % DIP compared to the previous year in the first half of September, and quoted China’s challenging macro economic background and severe situation. Sales over the six months were 10.1 billion euros.
The high -end group reported that it was a out -of -the -scenes retreat of luxurious luxury, which had recorded annual sales in May.
Luka Solka, a world -class high -end analyst in Bernstein, said that the results of Thursday provided a positive early signal to return to a wider luxury division.
The European and Asia -Pacific regions have seen “increase in domestic demand and strong improvements driven by the inflow of strong tourists, except for Greater China. “Masu,” said Solka in a memo.
“We’ll make a sign of encouragement and make sure that 3Q24 may have been a trough, as expected in the market in a few weeks recently,” he added. Refer to the third quarter.
The City Analyst added that the strong results are “Rich -Mont’s shares and a wider luxury sector that has not been preferred for the past 18 months.
