Richemont: FX Headwinds And Lower Interest Income
Source: SeekingAlpha
2025-05-26 02:26:12 ET
Summary
- Richemont outperformed the luxury sector, driven by strong jewellery division growth, but faces headwinds in specialist watchmakers and margin pressure from FX and raw materials.
- Despite resilient sales, growth remains low single digits, and inventory challenges persist, especially in China.
- Richemont is fairly valued and has a solid balance sheet, but we see better risk-reward elsewhere.
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Richemont: FX Headwinds And Lower Interest Income
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