Cartier owner Richemont reports 1% dip in Q3 sales
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FILE PHOTO: Visitors on the Roger Dubuis stand during the opening day of the Salon International de la Haute Horlogerie (SIHH) fair, where all brands of luxury giant Richemont present their new models, in Geneva, Switzerland, January 18, 2016. REUTERS/Pi
ZURICH (Reuters) - Cartier jewellery owner Richemont reported on Friday a 1% dip in sales during the three months to the end of September, the latest luxury company to report tougher conditions as China weakened.
The company, which also owns a string of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget, said sales fell 1% at constant exchange rates to 4.81 billion euros ($5.19 billion), slightly ahead of analyst forecasts for 4.78 billion euros in a consensus cited by HSBC.
($1 = 0.9275 euros)
(Reporting by John Revill, Editing by Friederike Heine)
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