PARIS — Compagnie Financière Richemont said Monday that it expected operating profits and net profits for the first half of its financial year to rise between 20 percent and 40 percent, after recording strong sales growth in the four months ended in July.
Sales rose 24 percent on a reported basis and 13 percent on a constant currency basis during the four-month period, it said. Richemont is scheduled to announce results for its financial first half, which ends Sept. 30, on Nov. 9.
“Many factors driving these results are uncertain and beyond the group’s control and may therefore lead to actual levels of profit growth for the six month period below or above the ranges indicated,” it stated.
“Those uncertain factors include the level of trading during August and September 2012 and the impact of exchange rate movements on the group’s results,” it added.