1120 GMT - Richemont eases worries with a very strong print for the first half of fiscal 2026, analysts at Deutsche Bank say in a note to clients. The Swiss luxury company reported sales of 10.62 billion euros, up 10% on year at constant exchange rates. Operating profit stood at 2.36 billion euros, with a margin of 22.2%. While investor expectations were high after recent reporting from luxury companies, Richemont was also affected by margin concerns, Deutsche says. These included currency movements, a higher gold price, U.S. tariffs and a tougher comparison base than peers, the analysts say. "We suspect some of these concerns will melt away on this print," they add. Shares rise 5.8%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

November 14, 2025 06:20 ET (11:20 GMT)

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