Luxury industry: the exceptional profitability Chanel finally unveiled
Google Translation : {http://bit.ly/1lY5t2D}
French Article : {http://bit.ly/1lY5umW}
EXCLUSIVE The Dutch entity that controls the luxury group has approved the accounts ... 2012. Chanel won $ 1.6 billion to 6.3 billion turnover.
The General Assembly of Chanel International BV has validated 19 November 2012 financial statements of the entity that controls the Dutch luxury group. Net income was $ 1.56 billion for a turnover of $ 6.3 billion, up 7%. Operating income was $ 1.46 billion, up 17%. Very quiet house, which belongs to both Alain and Gerard Wertheimer brothers, never communicates these figures. It is not required: the luxury home is controlled by a Dutch holding, a country where financial advertising results is much less restrictive than in France.
Challenges but had access to certified group such accounts that were approved by shareholders at a meeting held on November 19 in an ordinary building, anonymous and modern, a small town in Country Netherlands, Zoetermeer, between The Hague and Amsterdam. Of course, there was no press release and no journalist was there to attend. Just a half-dozen people around Alain Wertheimer, president of the supervisory board of the group and the U.S. Maureen Chiquet, CEO of the group.
What does this report? The house Chanel goes very, very well. She reached in 2012 a net profitability of 25%, well above that of the jewels of the area as LVMH (12%) and even Hermes (21%). Its profits were boosted by the strength of his division mode and an exceptional event, the sale of financial assets it held long and that allowed him to collect $ 642 million. The specific company in its reporting, it is not expected for fiscal 2013, "to make any significant spending on investment or capital." It therefore provides operating results equally positive in 2012.
But rummaging through the accounts have discovered another indicator of the rude health of the group: the stock options granted to its officers. Their value rose between 2008 and 2012 dollars to 536 dollars ... 1836. The valuation of the company and would, by the admission of its leaders, was more than three times in four years, an increase that neither LVMH, or even Hermes can not claim.