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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."

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