Compagnie Financiere Richemont SA expected to Report Fiscal Year 2010 Results on May 5, 2010. This event was calculated by Capital IQ (Created on November 17, 2009).

Compagnie Financiere Richemont SA reported earnings results for the first half of 2009. The company reported first-half 2009 net profit more than halved due to a continuing weak trading environment and that it is preparing for a long recovery path. Sales decreased by 15% to EUR 2.379 billion. Operating profit decreased by 39% to EUR 390 million. Profit from continuing operations decreased by 36% to EUR 345 million. Cash generated by the Group's operations was EUR 321 million. The company announced that it has appointed Johann Rupert as its new chief executive as of April 2010. In May 2009, Norbert Platt, the current Group chief executive officer indicated his intention to retire at the end of the year for health reasons. Joann Rupert, the company's Executive Chairman, will also assume the role of chief executive officer with effect from April 1, 2010.

Compagnie Financiere Richemont SA reported a 15% revenue decline calculated in euro for the first five months ended August 2009. In local currencies, the company booked a 21% drop of revenue. At September 9, 2009 general shareholders meeting, the managing board will propose the stockholders a dividend of CHF 0.30 (USD 0.287/EUR 0.198) per share. The company expects profitability in the first half of the current financial year will be lower than that in the same period of fiscal 2009.