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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.

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