Richemont Reports Double-Digit Sales Growth for the Year Ending March 31
Swiss luxury group Richemont reported a sales increase of 11% at constant exchange rates to €22.4 billion in its fiscal year ending on March 31, driven by strong performance across all categories and regions. Fourth-quarter sales rose 13%, with operating profit climbing 23% to €4.5 billion due to top-line growth and cost discipline.
Topics: luxury goods operating profit sales growth