Montblanc reports 55 % decline in profits and prepares exit of women’s high jewelry segment

Montblanc has recently reported negative financials for first half ending 30 Sept, becoming the worst perfoming Maison within the Richemont Group.

Montblanc’s sales decreased in the period, including unfavourable exchange rate effect, dropping 3 percent to 358 million euros compared to the same period 2012. Results in the period included provisions for € 13 million to exit the female high jewellery segment and reposition certain organisational activities. The Maison’s operating margin decrease 6,7 percent.

Montblanc flagship store Beijing