Industry News – Richemont Mid-Year 2018 Results Show Strong Growth (But To Be Nuanced)

In a press release published about an hour ago, Richemont just announced its consolidated results for the six month period ended 30 September 2018. Sales increased by 21% at actual exchange rates to EUR 6,808 million and by 24% at constant exchange rates. This comes as no surprise as Richemont had announced last month satisfactory sales for the first 5 months (up 25% at constant exchange rate). However, the growth rate seems to be slowing down.

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6 years ago