Richemont Annual Results - Interviews

Richemont Annual Results - Interviews

LONDON, May 19, 2011/PRNewswire-FirstCall/ -- Luxury goods company Compagnie Financiere Richemont unveiled annual
results today showing net profits exceeding the 1 billion euro mark together
with strong cash generation of EUR1.7bn.

In an interview with financial broadcaster http://www.cantos.com, Deputy
Chief Executive Richard Lepeu outlined plans to use the cash to develop the
company's manufacturing capability and open new stores for its brands to meet
the expected growth in the market. He also said the company would maintain
its sustainable growth in dividends over the years.

Commenting on the company's capital investment programme, Chief Financial
Officer Gary Saage said the company's current EUR300m investment plan which
represented 4% of sales would rise to 6 or 7 % over the next year.

For now the main challenge for the company remains keeping up with demand
for its luxury goods and the growing size of the market. This would likely to
see the company double in size over the next three years.

The interview and transcript are available now on
http://www.cantos.com/company/Compagnie%20Financi%C3%A8re%20Richemont

Cantos.com, the online financial broadcaster, features in-depth
interviews, documentaries and webcasts with senior company executives. If you
would like to contact us, please email prnsupport@cantos.com or phone
+44-207-936-1372.

Source: Compagnie Financiere Richemont

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