Diluted HEPS EUR285.1cps (-19.0 y-y).
Revenue from continuing operations down 1.4% y-y at actual exchange rates, to EUR10.1bn.
Strong revenue growth in Japan (+31.8% y-y), Middle East and Africa (+11.4% y-y) and the Americas (+10.5% y-y) was offset by a decline in Asia Pacific (-19.1% y-y).
GPM down 100bps to 67.2%.
Expenses grew by 5.7% y-y, with expense-to-sales ratio increasing from 42.2% to 45.3%.
Operating profit from continuing operations fell by 16.9% y-y at actual exchange rates (-12% y-y at constant exchange rates) to EUR2.2bn. OPM decreased by 410bps to 21.9%.
No dividend.
CFR completed the acquisition of distinctive Italian jewellery Maison Vhernier.
On 7 October 2024, CFR announced that it entered into a binding agreement with Mytheresa that would see Mytheresa acquire 100% of the share capital in YNAP. This comes after the termination of previous agreement to sell YNAP to FARFETCH and Symphony Global.
