|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||654.40 - 660.40|
|52-week range||462.40 - 661.40|
|Beta (3Y monthly)||0.49|
|PE ratio (TTM)||47.28|
|Earnings date||11 Sep 2019|
|Forward dividend & yield||4.55 (0.69%)|
|1y target est||498.46|
Second-hand luxury marketplace The RealReal, Inc. showed progress in important metrics that point to profitability on the horizon in its third quarter results, IPO Edge Editor-in-Chief John Jannarone told Cheddar TV in an interview Monday evening. Importantly, the company showed an increase in sales per order, which suggests customers are buying both more items and […]
(Bloomberg Opinion) -- The mood music in the car sector is pretty melancholy right now because of Donald Trump’s trade wars and rising technology costs. But Ferrari NV is dancing to a different tune, thanks to its wealthy customers.Revenues rose 9% in the third quarter of 2019 and operating profit jumped 12% year-on-year, the Italian manufacturer reported Monday.Ferrari’s patrons are still ordering new cars despite worries that a recession might be around the corner; many are happy to pay a premium to personalize their vehicle. Ferrari was confident enough to raise its cash flow and profit guidance for 2019. On both metrics it should accomplish this year what it had planned to achieve in 2020. It even announced a more convincing strategy to extend its brand beyond cars, an area where it’s fallen short.The Italian company is making this look easy, but lifting sales while preserving exclusivity is a difficult balancing act in the luxury autos business; just look at the struggles of Aston Martin Lagonda Global Holdings Plc. That company’s shares have dropped 66% this year while Ferrari’s have gained 77%, valuing the prancing horse at more than 28 billion euros ($31 billion). That’s more than its former parent Fiat Chrysler Automobiles NV, which sells as many cars in a day as Ferrari does in a year. Investors would now have to fork out about 41 times estimated earnings to buy Ferrari stock, approaching the exalted 45 times multiple of handbag maker Hermes International. German premium carmaker BMW AG trades on less than 9 times earnings. While this is the very definition of a luxury problem for Ferrari, it still leaves very little room for error.When Ferrari listed its shares in 2015, it implored investors not to think of it as a regular carmaker but rather as a luxury goods company like Hermes. Much of that sales pitch made sense: Ferrari can charge plenty for its cars because customers expect them to hold their value or even increase. Its 25% operating profit margin is much higher than that of other carmakers and should be more resilient. There are waiting lists for some models. Unlike much of the industry, Ferrari sales held up in the last recession.Even so, it has to spend heavily on factory equipment and technology development (including for its struggling Formula 1 racing team). That will always be an impediment to matching Hermes’ operating profit margins, which exceed 35%.The biggest beef with Ferrari’s luxury company aspirations was that its non-car branded products, many produced under licensing agreements, weren’t appealing. What’s the point of a $100 Ferrari polo shirt or $250 wristwatch? Not so long ago you could even buy a Ferrari surfboard. While Ferrari dithered over how to improve things, the brand suffered.On Monday, the company sketched out a plan to slim down its clothing and accessories lines and move them upmarket with the assistance of Giorgio Armani SpA. Meanwhile, it will open driving simulation centers and expand in e-sports to get young customers excited about the brand. Within a decade it hopes these products and services will contribute about 10% of operating profit. That’s still far from certain — brand diversification is notoriously difficult — but the success of the core business leaves room for maneuver.Unlike peers such as Rolls-Royce Motor Cars and Volkswagen AG’s Lamborghini, Ferrari isn’t yet selling high-margin sports utility vehicles. The Italian carmaker’s Purosangue isn’t slated to arrive for a couple more years.But judging by Ferrari’s profit and loss statement, its refreshed product line, including the single-seat Monza SP1 and 812 Superfast, is delivering. Upcoming hybrid models such as the 1,000-horsepower SF90 Stradale supercar should increase confidence that Ferrari has the technical know-how for tougher emissions regulations.Still, it’s surprising that the carmaker seems in no hurry to build a fully electric car. Some caution is natural: An electric Ferrari won’t have the famous engine growl and some Ferrari purists are skeptical, management said on Monday’s investor call. Yet Porsche’s electric Taycan shows sportscar brands can deliver the same excitement with a much smaller carbon footprint. Ferrari proved skeptics wrong once before. It can do so again. To contact the author of this story: Chris Bryant at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
SMCP, the French fashion company whose brands include Sandro and Claudie Pierlot, on Tuesday defied a gloomy retail outlook by maintaining its forecasts for the year, sending its shares soaring. This corner of the retail market has become increasingly divided, however, with some struggling due to fundamental shifts like consumers switching to online shopping or events like the street protests in Hong Kong that have forced store closures. SMCP shares were up 12.2% by 10.48GMT, after posting a 9% rise in sales at constant currencies for the third quarter, a touch above forecasts.
For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more...
* European indices, Wall Street rise * UK and Ireland issue positive statement on Brexit * US Chamber sees possible US-China currency deal, tariff hike delay * Pan European STOXX 600 closes up 0.7% * Miners, cars and banks lead sectoral gainers * Luxury shines after LVMH, Dior results * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org CLOSING SNAPSHOT: A RAY OF LIGHT ON BREXIT AND TRADE (1554 GMT) "Expectations there will be a partial (trade) deal and rumours of progress being made in Brexit talks are boosting stocks, while depressing bonds," a trader just told us.
* European indices choppy ahead of U.S.-China trade talks * China urges U.S. to halt pressure on Chinese companies, including Huawei * STOXX 600 down 0.2%, DAX flat, FTSE down 0.1% * Luxury shines after LVMH, Dior results * Cars, miners only gainers * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://email@example.com LVMH ON TRACK FOR BEST YEAR SINCE 2010 LVMH shares' rally (+5.4% at the moment) puts the company on track for its best year since 2010, but investors' luxury euphoria could chill on the news that sales in Hong Kong dropped about 25% in the quarter.
* European indices, Wall Street rise * UK and Ireland issue positive statement on Brexit * US Chamber sees possible US-China currency deal, tariff hike delay * Miners, cars and banks lead sectoral gainers * Luxury shines after LVMH, Dior results * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org NO EQUITY FOMO: BREXIT DEAL HOPES PROP UP FTSE 250 (1514 GMT) Sterling's spectacular reaction to Boris Johnson and Leo Varadkar issuing an unexpectedly positive statement on the Brexit negotiations has been met with enthusiasm on equity markets, with the FTSE 250 clearly getting a boost and now near a session high, up 0.25%.
* European indices choppy ahead of U.S.-China trade talks * China urges U.S. to halt pressure on Chinese companies, including Huawei * STOXX 600 down 0.2%, DAX flat, FTSE down 0.1% * Luxury shines after LVMH, Dior results * Cars, miners only gainers * UK-listed packaging companies hit by Mondi results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://email@example.com A MINI TRADE DEAL.
Another day of vague reports, denials and counter-denials on both the U.S.-China trade talks and the Brexit showdown looms, with little that’s emerged from either so far this week proving to be a game changer yet. On balance, the nods and winks on the trade talks in Washington have been read as marginally positive – or at least when combined with fairly clear signalling from the Federal Reserve that it’s about to ease policy again later this month. Other reports suggest President Trump will cede some ground on U.S. company dealings with Chinese tech giant Huawei.
The Scottish government said on Thursday that the imposition of U.S. tariffs on various goods including Scottish whisky indicated that the United Kingdom could not offset the damage from Brexit by striking a trade deal with U.S. President Donald Trump. "When Scotland’s food and drink businesses are facing the potential impact of a ‘no deal’ Brexit, the last thing they need is the further uncertainty of increased tariffs on exports to U.S.," a Scottish government spokesman said.
Britain said on Thursday it was seeking confirmation from the World Trade Organization that it had complied fully with its rulings and should not be facing tariffs. The United States said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies. It came after the World Trade Organization gave the United States a green light to impose tariffs on $7.5 billion worth of EU goods annually in a long-running case.
HONG KONG/PARIS/MILAN, Oct 2 (Reuters) - Global luxury brands from Prada to Cartier are counting the cost to their businesses of four months of unrest in Hong Kong that has kept tourists away and forced shops to shut, with upcoming results set to reveal the damage. Hong Kong, which ranks among the world's top five luxury destinations, has long been a magnet for brands attracted by the flow of visitors from mainland China.
* European shares fall further after disappointing U.S. data * U.S. factory activity sinks to 10-year low in September * STOXX 600 set for worst day since mid-August, down 1.1% * BAML starts coverage of airlines: IAG, Wizz, RyanAir, Air France top picks * Ferguson gains after profit beat, Greggs sinks after update * Wall Street drops sharply Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Brian O’Reilly, head of investment strategy at Mediolanum, says Tokyo is his pick.
* European shares fall further after disappointing U.S. data * U.S. factory activity sinks to 10-year low in September * STOXX 600 set for worst day since mid-August, down 1.1% * BAML starts coverage of airlines: IAG, Wizz, RyanAir, Air France top picks * Ferguson gains after profit beat, Greggs sinks after update * Wall Street drops sharply Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org U.S. ISM GLOOM HITS EUROPE HARD: WELCOME TO OCTOBER (1449 GMT) News that U.S. manufacturing contracted to its weakest level in more than a decade hit European markets hard, as if traders were just waiting for the right excuse to execute a late afternoon tactical retreat.
Reach him on Messenger to share your thoughts on market moves: rm://email@example.com BOTTOM UP, NOT BOTTOMS UP! (1357 GMT) Seems the narrative of Europe having reached peak bad macro news is doing the rounds this afternoon with cyclicals such as autos , tech and energy in the black in an otherwise gloomy session. "In Europe, the significant underperformance of mid-caps casts doubt over the solidity of the equity rally, all the more so that earnings revisions over the past 3 months have come down whilst equity prices headed north", Ostrum Asset Management warned in a note. "We expect more than 40% of the retailers we rate to record lower profit this year than in 2017 or 2018, or both", the rating agency says, noting the worsening profit trend.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
PARIS/BRUSSELS, Sept 16 (Reuters) - Shares in Airbus and French luxury goods exporters fell on Monday as the European Union acknowledged it may face U.S. tariffs in a long-running dispute over aircraft subsidies, part of an escalating tit-for-tat trade row. The World Trade Organization has approved a U.S. request to impose tariffs on European goods in the latest chapter of a dispute over aircraft subsidies that could lead to European reprisals, two people familiar with the case said. The EU's trade chief said the United States was likely to impose tariffs "quite soon".
HERMES INTERNATIONAL Société en Commandite par Actions with a capital of 53 840 400,12 € euros, Incorporated under the n° 572 076 396 RCS PARIS Whose registered office is situated 24, rue du Faubourg Saint-Honoré 75008 PARIS FRANCEInformation relating to the total number of voting rights and of shares envisaged by the article L 233-8 of the French “Code de Commerce” and Article 223-16 of the General Regulations of French “Autorité des Marchés Financiers “(AMF)DateTotal number of shares Total number of theoretical voting rights (including treasury stock)Total number of effective voting rights (exercisable at shareholders’ meetings)Publications 31 August 2019105 569 412178 070 314 176 731 79913 September 2019 31 July 2019105 569 412178 071 327176 733 0267 August 2019 30 June 2019105 569 412178 073 631176 742 5069 July 2019 31 May 2019105 569 412178 186 716176 864 00814 June 2019 30 April 2019105 569 412178 231 861176 904 62613 May 2019 31 March 2019105 569 412178 235 213176 907 63211 April 2019 28 February 2019105 569 412178 236 297176 915 201814 March 2019 31 January 2019105 569 412178 238 767176 920 8267 February 2019 31 December 2018105 569 412177 354 174176 036 79510 January 2019 30 November 2018105 569 412175 147 721173 830 0587 December 2018 31 October 2018105 569 412175 147 522173 832 3049 November 2018 30 September 2018105 569 412175 138 169173 830 75612 October 2018 31 August 2018105 569 412175 138 358173 833 83414 September 2018 31 July 2018105 569 412175 128 042173 825 0329 August 2018 30 June 2018105 569 412175 132 569173 831 35312 July 2018 31 May 2018105 569 412174 925 618173 652 27115 June 2018 30 April 2018105 569 412174 923 889173 508 05115 May 2018 31 March 2018105 569 412174 946 378173 529 10112 April 2018 28 February 2018105 569 412174 946 564173 529 66415 March 2018 31 January 2018105 569 412174 907 134173 489 81415 February 2018 31 December 2017105 569 412174 840 779173 425 15815 January 2018 30 November 2017105 569 412174 128 500172 714 09415 December 2017 31 October 2017105 569 412174 126 106172 838 06414 November 2017 30 September 2017105 569 412174 092 529173 004 09913 October 2017 31 August 2017105 569 412174 099 833173 093 44012 September 2017 31 July 2017105 569 412174 099 902173 090 79111 August 2017 30 June 2017105 569 412174 063 847173 056 05813 July 2017 31 May 2017105 569 412174 060 847173 056 20015 June 2017 30 April 2017105 569 412174 056 256172 958 98615 May 2017 31 March 2017105 569 412174 057 356172 966 85113 April 2017 28 February 2017105 569 412174 062 531172 972 82610 March 2017 31 January 2017105 569 412174 063 182172 975 90814 February 2017 31 December 2016105 569 412174 057 477172 977 90213 January 2017 30 November 2016105 569 412174 057 875172 984 23814 December 2016 31 October 2016105 569 412174 056 756172 997 48215 November 2016 30 September 2016105 569 412174 056 837173 046 93514 October 2016 31 August 2016105 569 412174 057 149173 082 59213 September 2016 31 July 2016105 569 412174 057 038173 107 36312 August 2016 30 June 2016105 569 412174 052 961173 126 63612 July 2016 31 May 2016105 569 412174 053 923173 185 26914 June 2016 30 April 2016105 569 412173 991 105172 807 98912 May 2016 31 March 2016105 569 412173 977 667172 796 44014 April 2016 29 February 2016 105 569 412173 956 413172 774 669 15 March 2016 31 January 2016105 569 412173 038 578171 858 88015 February 2016 31 December 2015105 569 412173 042 173171 861 40215 January 2016 30 November 2015105 569 412152 772 988151 597 57115 December 2015 31 October 2015105 569 412152 635 916151 462 52115 November 2015 30 September 2015105 569 412152 508 780151 334 04515 October 2015 31 August 2015105 569 412152 509 301151 328 59215 September 2015 Attachment * Information relating to the total number of voting rights and of shares
In December 2018, Hermès International Société en commandite par actions (EPA:RMS) released its earnings update...