Richemont’s Latest Quarterly Report: Sales Surge by 19% YoY, Strong Rebound in the Chinese Market

7月 18, 2023

Swiss luxury goods giant Richemont announced its financial performance for the first quarter of the 2024 fiscal year ending on June 30, 2023, prior to the market opening on July 17th. Driven by growth in almost all regions (except the Americas), distribution channels, and business areas, the new fiscal year got off to a strong start with a 19% increase in sales at constant exchange rates (14% growth at actual exchange rates) to €5.322 billion. Notably, the Asia-Pacific region showed robust momentum, compensating for weak sales in the Americas.
Meanwhile, as of June 30th, RichemontR …