Glashütte Original

Company Compagnie Financière Richemont S.A.
Country Germany
Email info@glashuette-original.com.
Telephone n.a.

Market Segment Luxury
Core Business Watches

Glashütte Original Financial Report

Compagnie Financière Richemont S.A. Financial Report 2021

Income Statement Trend

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Total Revenue

It includes the overall revenue of the company, considering not only the sales of finished goods, but all of the sources of the company income.

Operating Margin

Also known as ROS - Return on Sales, it measures the percentage of sales revenue that gets 'returned' to the company as net profits after all the related costs of the activity are deducted. The figure is about the latest fiscal year available.

Net Profitability

It's a measure of a company's overall profitability, i.e. how much of its sales are converting to profit. The value given is the amount of sales needed to generate one currency unit of post tax profit. Negative values mean that the company has a negative level of post tax profit. The figure is about the latest fiscal year available.

Profit Ratio

It's a key measure of success. The profit ratio measures the amount of profit generated by each single currency unit of sales. The figure is about the latest fiscal year available.

Income Statement Highlights

in Millions of EUR	2021	2020	Δ 2021/2020	2019	Δ 2020/2019	2018	Δ 2019/2018	CAGR
Total Revenue
Cost of Sales
Gross Profit
Operating Income
Net Income

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Balance Sheet Highlights

in Millions of EUR	2021	2020	Δ 2021/2020	2019	Δ 2020/2019	2018	Δ 2019/2018	CAGR
Current Assets
Total Assets
Current Liabilities
Equity

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Revenues by Country

in Millions of EUR	2021	2020	Δ 2021/2020	2019	Δ 2020/2019	2018	Δ 2019/2018	2017	Δ 2018/2017	CAGR
Asia
Europe
Americas
Japan
Middle East

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Compagnie Financière Richemont S.A. Annual Report

Official Websites

Glashütte Original website

glashuette-original.com/start/

Glashütte Original ecommerce

Brand doesn't have an official ecommerce

Official Social Media

Brand Description

Establishment

Year

1845

City

n.a.

Country

Germany

Founder

Ferdinand Adolph Lange

Designer

Team of designers

Profile

MORE THAN 165 YEARS OF GLASHÜTTE WATCHMAKING TRADITION
The continuing development of watchmaking since its first stirrings has contributed in a significant way to the contemporary success of the Glashütte Original brand. Equipped with a loan from the Saxon government, in 1845 Ferdinand Adolph Lange founded the first watch firm in Glashütte – a location that for almost four centuries had been marked principally by its silver mining. The goal of the new undertaking was to create an independent Saxon watch industry.

GREAT MASTER WATCHMAKERS COME TO GLASHÜTTE
In the fifties the arrival of such masters of their craft such as Adolph Schneider, Moritz Großmann and Julius Assmann as well generated a great deal of enthusiasm. Over the course of several decades, many timepieces from Assmann’s "German Precision Pocket Watch Factory" won prizes around the world. Their proven accuracy was reason enough for the Norwegian polar explorer Roald Amundsen to purchase an Assmann observation watch in 1910; one year later he was the first person to reach the geographic South Pole.