News

Richemont reports 10% sales increase

09/06/2005

Swiss luxury goods group Richemont, whose brands include Montblanc and Cartier, has announced positive results for the year ended 31 March 2005.  Sales reached €3 717 million from €3 375 million in the previous year, an increase of 10%. Operating profit rose by 71% to €505 million from €296 million for the prior 12 months. Net profit increased by 74% to €413 million.

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