Swiss luxury goods group Richemont has posted sales of €4.3 billion ($5.5 billion) for the full year ended March 31, a 17% increase year-on-year.

The company reported strong demand across all of its markets with the strongest growth posted in the Americas where sales increased 21%. Sales rose 15% in Japan and 14% in Europe and the Asia-Pacific region.

In its Leather and Accessories Maisons, Alfred Dunhill posted strong growth in the Asia-Pacific region which offset flat sales in Europe and Japan, leading to a rise of 8% in sales.

Sales of leather goods, the Maison’s main product line, increased by 19%, but overall operating losses increased to €30 million. This reflected poor performance in the accessories division and management changes. Lancel achieved double-digit sales growth, aided by expansion in Japan and other international markets and operating losses of €8 million were half of those reported a year earlier.