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Richemont 5-month Sales, Excl. Items, Up 10% At Constant Exchange Rates

Richemont SA (CFRUY.PK) reported total sales of 5.67 billion euros compared to 4.66 billion euros, an increase of 25% from prior year at constant exchange rates. At actual exchange rates, sales were up 22%, during the period. Excluding YNAP and Watchfinder, which have been consolidated in the Group's accounts since 1 May 2018 and 1 June 2018 respectively, sales for the period increased by 10% at constant exchange rates and by 7% at actual exchange rates.

Richemont also announced the appointment of Jérôme Lambert, currently Group Chief Operating Officer, as Group Chief Executive Officer with immediate effect. Lambert has led Jaeger-LeCoultre and Montblanc and overseen the Group's Specialist Watchmakers, Montblanc and the Group's Fashion and Accessories businesses prior to taking on the role of Group Chief Operating Officer last year.

by RTTNews Staff Writer

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