Richemont with stable sales development in the first quarter of 2024/25
Published: Tuesday, Jul 16th 2024, 07:50
Volver a Live Feed
Sales at the jewelry and watchmaking group Richemont remained stable in the first three months of the 2024/25 financial year despite the weakening economy in China. In the months from April to June, sales in the reporting currency, the euro, fell only slightly by 1 percent year-on-year to 5.27 billion euros, according to a statement on Tuesday.
Adjusted for currency effects, there was even a small increase of one percent at Group level, according to the statement. The Group grew in all market regions with the exception of Asia-Pacific.
With the figures presented, which do not include the online division that was spun off for sale, the Geneva-based company fell slightly short of analysts' expectations. On average, they had expected group sales of 5.29 billion euros. Richemont does not publish any information on its results for the first quarter.
©Keystone/SDA
Spanish 
English 
German 
French 
Arabic