Cartier owner Richemont posts 10% increase in Q3 sales
Tweet
Share
E-mail
FILE PHOTO: High jewellery are displayed at luxury goods maker Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau/File Photo
ZURICH (Reuters) - Cartier jewellery owner Richemont on Thursday reported a 10% increase in constant currency sales during the three months to the end of December, a strong early indicator for the performance of European luxury companies over the all-important holiday season.
Sales at actual rates increased to 6.2 billion euros ($6.37 billion), said the company, which also owns high-end Swiss watch brands Piaget, IWC and Jaeger-LeCoultre.
At constant exchange rates - which removes the impact of currency fluctuations - sales increased by 10%. This was much better than 1% increase expected by analysts in a consensus cited by RBC.
($1 = 0.9727 euros)
(Reporting by John Revill, Editing by Friederike Heine)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Virginia State University shooting leaves five injured, police say
- Sicily's Catania airport restarts flights after Etna alert downgrade
- Israeli strikes kill nine in south Lebanon, state news reports​
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
