Richemont on the up after difficult fiscal 2004
Swiss luxury goods group, Richemont, has posted mixed results for the fiscal year ended
The company, which is the world’s second largest luxury conglomerate, posted unaudited sales of €3.4 billion – a decrease of 8% or unchanged in constant currency terms. For the second half of the year, sales rose 6% in constant currency terms or fell 1% at actual exchange rates.
Richemont, whose many brands include Alfred Dunhill and Cartier, said first half sales were negatively impacted by the war in
Recovery was seen in December 2003 and this continued during the fourth quarter, with growth of 10% in constant currency terms. Q4 European sales rose 8% while in
The group will detail earnings
