• 16 May 2012, 5:02 p.m.

    IWC is a division of Richemont, and not even a separate corporate entity. As such its financial results aren't published separately. Richemont, which has a 12 month fiscal year ending on March 31, just published staggeringly good financial results. You can read the Richemont official report byclicking here.

    Sales were up 29% and operating profit was up 51% --that's incredibly good. And while Asia did contribute this huge growth, it wasn't all Asia. Asia was up 46% but the Americas were up 30%. Also, while there are no guarantees for the future, April 2012, the last month and right after the fiscal year-end, outperformed April 2011.

    I will say that IWC also has had excellent growth in the past year, as you can simply notice from the apparent demand for product. The Boutique strategy has contributed to that growth. It's a hot brand now.

  • Connoisseur
    23 May 2012, 7:45 p.m.

    Excellent news, Michael!

    It is gratifying to see our favorite watch maker doing so well, particularly in the U.S., despite our continued shaky financial situation.

    My only hope is that IWC will not allow itself to be so dazzled by its success as to expand too much or too soon. I think of fine companies here in America whose rapid expansion has caused them serious harm. Harry and David, the fruit growers in Medford, Oregon, comes to mind.

    So, Hats Off to IWC, and PLEASE may the company continue to put quality first!

    Greetings to all Forum members.

    Cheers!

    Donald

  • Insider
    24 May 2012, 6:42 a.m.

    One of the better stocks in my portfolio: CFRHF

    Happy shareholder and an IWC owner :-)

  • Apprentice
    24 May 2012, 10:47 a.m.

    See the importance of watchesto Richemont: they contributed 50% of the Group sales, while jewelry gave 25%. Note that I am not referring to watch maisons ("specialist watchmakers" - 26% of the Group sales), but to watches as category. Means that watches, no matter if Specialist or Cartier, ARE the source of sales for the Group. Good to know!

  • Apprentice
    27 Aug 2012, 9:50 a.m.

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    Hidden by on 8 Nov 2018, 4:27 p.m..

  • Master
    27 Aug 2012, 10:47 a.m.

    Could not agree more with what you said.

    [QUOTE="donald wilson"]Excellent news, Michael!

    It is gratifying to see our favorite watch maker doing so well, particularly in the U.S., despite our continued shaky financial situation.

    My only hope is that IWC will not allow itself to be so dazzled by its success as to expand too much or too soon. I think of fine companies here in America whose rapid expansion has caused them serious harm. Harry and David, the fruit growers in Medford, Oregon, comes to mind.

    So, Hats Off to IWC, and PLEASE may the company continue to put quality first!

    Greetings to all Forum members.

    Cheers!

    Donald