Richemont’s sales up 5% at constant exchange rates

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 Richemont’s sales up 5% at constant exchange ratesAt the close of its third quarter period ending December 31, 2016, Richemont announced that its sales rose 5 percent at constant exchange rates and by 6 percent at actual rates compared to the prior year’s period. Growth was driven by jewellery across most regions and watches in the retail channel.

Europe, Asia Pacific and Americas regions showed growth.

Sales in Europe, rose 3 percent contributed mainly by robust local sales and tourist purchases in the United Kingdom as well as strong jewellery sales across the region. The Asia Pacific region also indicated a rise in sales, by 10 percent indicating strong performances in mainland China and Korea. There was an 8 percent increase in sales in Sales in the Americas as jewellery sales were good and the Cartier Mansion in New York reopened.

The Group’s retail sales were up 12 percent, underpinned by solid jewellery sales, positive watch sales and the reopening of the two Cartier stores. The Group also reopened the Cartier flagship store in Tokyo, Japan. Good demand for jewellery products and positive watch sales in retail contributed to the 8 percent sales increase at the Jewellery Maisons.



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