Compagnie Financière Richemont FY24 Interim results

Highlights:
(Pros)
- Double digit growth in Sales (12%)
- Q1 sales were strong.
- Strongest growth was in Asia Pacific (42% group sales)
- Tourism uptick sales driven by Mainland China.
- Strong Retail channel growth in Q1
- Update on Farfetch/Alabba/ YNAP partnership
- Ordinary Dividend of 2.5 Swiss Franc.
- Update on Warrant Exercise.
(Cons)
- Higher expenses due to strength of the Swiss Franc and increase in Employee wages.
- A strong Swiss Frac impacted Profits and Overall results.