Q3 sales grew by 3% at current currencies, and saw a 4% yoy decrease at constant rates. On a lfl exchange basis, only Japanese sales posted an increase (9%), albeit at a slower pace than in H1 (+44%). The Middle East & Africa activity remained modest showing unchanged sales. Otherwise, the other regions posted a yoy drop. By channel, retail sales outperformed wholesale with unchanged revenue vs. a 8% decline at constant rates. From a business standpoint, brands like Chloé and Montb
14 Jan 2016
Watches needed new batteries in Q3
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Watches needed new batteries in Q3
Compagnie Financiere Richemont SA (RITN:ETR) | 0 0 0.7% | Mkt Cap: 44,518m
- Published:
14 Jan 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Q3 sales grew by 3% at current currencies, and saw a 4% yoy decrease at constant rates. On a lfl exchange basis, only Japanese sales posted an increase (9%), albeit at a slower pace than in H1 (+44%). The Middle East & Africa activity remained modest showing unchanged sales. Otherwise, the other regions posted a yoy drop. By channel, retail sales outperformed wholesale with unchanged revenue vs. a 8% decline at constant rates. From a business standpoint, brands like Chloé and Montb