Richemont: sales up 8% in Q3
Sales for the nine months to December 2023 were up 11% at constant exchange rates and 5% at actual exchange rates.
Retail sales were up 11% in Q3, with growth in all regions - with the exception of Europe - and notable strength in mainland China, Hong Kong and Macau combined, and the United States.
Growth was achieved in almost all regions, mainly driven by Japan, Asia-Pacific and the Americas.
Growth was achieved in most business sectors, with the Jewelry Houses continuing to generate the strongest performance (+12% and +6% at constant and actual exchange rates, respectively).
The Group's net cash position improved further to 6.8 billion euros.
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