www.worldwatchweb.com - Richemont, the Swiss luxury goods group, announces its audited consolidated results for the year ended 31 March 2011 and cash dividend declaration.

Financial highlights

• Strong sales growth across all segments and regions: + 33 % to € 6 892 million

• Excluding the impact of NET-A-PORTER.COM, sales increased by 19 % at constant exchange rates

• Operating profit increased by 63 % to € 1 355 million

• Excluding the impact of NET-A-PORTER.COM, operating margin amounted to 20.9 %

• Record cash flow generated from operations: € 1 696 million

• Proposed dividend: CHF 0.45 per share, representing an increase of 29 %

Full report: click here

Source: Compagnie Financière Richemont SA