Register to get 1 free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
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”
