Richemont posts improved sales

18/07/2007

Swiss luxury goods group Richemont has reported improved sales for the first quarter ended June 30.

According to the company, the first three months saw a continuation of the growth seen during the preceding twelve months. In the three-month period, overall sales grew 9% at actual exchange rates, whilst underlying growth of 15% at constant exchange rates was offset by the weakness of dollar-related currencies and the yen during the period.

In its Leather and accessories Maisons, sales at constant exchange rates improved 7% to reach 62 million. Alfred Dunhill reported sales growth of 7%, mainly driven by Europe and the Asia-Pacific region, whilst Lancel’s sales were marginally above those reported in the comparable prior-year period.