JSE listed Richemont's share price (JSE: CFR) is up around R250,000, making it one of the more pricey stocks on the exchange. With the advent of fractional shares, price does not necessarily need to be a restriction in the modern trading era.
Whilst the Richemont share price has been coming under some bearish pressure in recent times, the stock remains one of South Africa's blue chip companies, and a reliable dividend payer.
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Who is Compagnie Financière Richemont?
Compagnie Financière Richemont, commonly known simply as Richemont, is a luxury goods conglomerate company listed on the Johannesburg Stock Exchange (JSE) that owns a portfolio of international Maisons recognised for their distinctive heritage, craftsmanship, and creativity. The company’s interests include more than 20 of the most prestigious names and brands in the luxury industry, of which jewellery and watch brands make up 70% of sales.
Richemont operates in four primary business areas: Jewellery (Buccellati, Cartier, Van Cleef & Arpels), Specialist Watchmakers (A. Lange & Sohne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin), Online Distributors (Watchfinder & Co. and Yoox Net-A-Porter Group and Fashion and Accessories (Alaia, AZ Factory, Chloe, dunhill, Montblanc, Peter Millar, Purdey and Serapian).
The company has a primary listing on the Swiss Stock Exchange, and is also a component of the Swiss Markets Index.
Richemont Shares – Recent Performance & Data
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Richemont reported solid financial results for the fiscal year ending March 31, 2024. The Group's sales reached €20.6 billion, marking a 3% increase at actual exchange rates and an 8% rise at constant exchange rates. This growth was primarily driven by the Jewellery Maisons segment, which includes brands like Cartier and Van Cleef & Arpels. Operating profit stood at €4.8 billion, reflecting a 5% decrease at actual exchange rates but a 13% increase at constant exchange rates.
In South Africa, Richemont maintains a secondary listing on the Johannesburg Stock Exchange (JSE) under the ticker symbol CFR. This listing allows South African investors to easily participate in the company's performance and underlines the focus the firm has in the country.
Richemont JSE Stock Chart – 5 Year
Over the past five years, Richemont has experienced significant growth, with sales increasing from €13.99 billion in 2019 to €20.6 billion in 2024. This growth has been driven by the strong performance of its Jewellery Maisons, including Cartier and Van Cleef & Arpels, and strategic acquisitions such as Buccellati in 2019 and a controlling stake in Gianvito Rossi in 2024.
The company has also focused on expanding its retail network and enhancing its online presence to adapt to changing consumer behaviours. Despite challenges like the COVID-19 pandemic and economic uncertainties, Richemont has maintained a robust financial position, with a net cash position of €7.4 billion as of March 2024.
How to buy Compagnie Financière Richemont stocks – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Compagnie Financière Richemont stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “CFR”.
- Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
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Richemont, The Essentials
Compagnie Financière Richemont has its headquarters at 50 chemin de la Chenaie, CP 30, 1293 Bellevue, Geneva, Switzerland.
Compagnie Financière Richemont has more than 35 660 employees and currently serves clients worldwide.
The current CEO of Compagnie Financière Richemont is Nicolas Bos.
Compagnie Financière Richemont forms part of the Personal Goods Industry and the Consumer Goods Sector of the Johannesburg Stock Exchange (JSE).
