Jewellery spurs 2% sales rise for Richemont Group
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Richemont, the Swiss luxury goods group, has reported a 2% rise in sales citing the “international demand for jewellery” which saw the group’s jewellery sales grow by 10% at constant exchange rates.
In its unaudited consolidated financial results for the six months ended September 30 2014, Richemont reported a 2% rise in sales to $5.4bn (£4.2bn), with performance varied across regions and product lines.
Profit for the company decreased by 4% to $1.3bn (£1.01bn), reflecting “volatile trading conditions and unfavourable currency movements.”
Despite this jewellery performed particularly strong for the group with sales up by 10% at constant exchange rates.
The company has said that this is due to strong demand in the Asia Pacific region.
John Rupert, chairman of Richemont Group, said: “In the month of October, sales increased by 4 % at actual exchange rates. Sales in the month were 1 % lower at constant exchange rates, partly reflecting the exceptional level of high jewellery sales in the Asia Pacific region during the comparative period”
