HEPS fell 0.73% to €6.351 vs Bloomberg estimates for €6.713, reflecting adjustments for non-recurring items like the YNAP write-down. FY25 Group Sales increased 4% to €21.4 bn, driven by an 8% rise in Jewellery Maisons sales. Operating profit fell 7% to €4.5 bn, with a 20.9% operating margin, impacted by €72m in non-recurring costs. CFR ended the period with a healthy net cash position of €8.3 bn, supported by €4.4 bn in operating cash flow. The Dividend was hiked +9% to CHF 3.00.
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