The 2015-2016 fiscal year ended in March Richemont, which reported 67% year-on-year net income growth to 2,2 billion euros, after the merger of its online sales platform Net-à-Porter with the Italian Yoox, which resulted in a 639 million after-tax capital gain. Operating profit, on the other hand, fell by 23% to 2,06 billion euros due to write-downs and capital gains related to disposals in the previous fiscal year
The earnings per share of luxury holding company (which controls brands such as Cartier e Montblanc. ) went from 2,35 euros per share to 3,93, while revenues rose by 6% to 11 billion euros. For the start of the new financial year, and in particular for the month of April, Richemont communicated an 18% drop in sales. The company has proposed an improved coupon of 6% and at this time the stock is selling more than 2% on the Zurich Stock Exchange.
