Plus   Neg

Richemont Q1 Sales Up 12%

Richemont SA (CFRUY.PK) reported that its sales for the first-quarter increased by 12% to 3.74 billion euros from last year's 3.34 billion euros, while it was up 9% at constant exchange rates.

Excluding Online Distributors, sales rose by 6% at actual exchange rates and by 3% at constant exchange rates; at actual exchange rates.

The company said, "Starting with the financial year ending 31 March 2020, the Group provides a trading update for its first quarter ended 30 June. Sales for the first five months will therefore no longer be reported in September."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Boeing's (BA) board removed its Chief Executive Officer Dennis Muilenburg as chairman, saying the change would enable Muilenburg to focus on returning the company's best-selling 737 MAX aircraft to service. The company's board elected independent lead director David Calhoun to serve as non-executive chairman. United Airlines has announced that tickets for the Bombardier CRJ-550 will be available for purchase starting Saturday, October 12 for travel beginning Sunday, October 27. United Airlines also revealed the first 15 routes for the new Bombardier CRJ-550 aircraft. Initially, the CRJ-550 will fly out... Coffee retail giant Starbucks (SBUX) announced its plan to expand its profit-sharing Community Store program in Korea. The company plans to open the first of several locations in early 2020. The country is one of three Starbucks markets with Community Stores, according to a press release. Starbucks...
Follow RTT