Compagnie Financiere Richemont SA Announces Unaudited Sales Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year Ending March 31, 2016
For the nine months, the company reported total sales of EUR 8,748 million against EUR 7,908 million a year ago.
For the full year ending March 31, 2016, the company expects operating profit as a whole will also be negatively affected on a comparative basis by the property disposal gain of EUR 234 million recorded in the year ended 31 March 2015. Net profit for the year will benefit on a comparative basis from the non-cash gain of some EUR 620 million announced in October 2015 relating to the merger of The NET-A-PORTER GROUP with YOOX Group.