Tuesday, December 6, 2022

Richemont increases sales and profits

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In the final quarter, however, the lockdowns in the important Chinese market, supply bottlenecks and the consequences of the Ukraine war put the brakes on the Geneva-based company and depressed earnings.

In the end, sales in the fiscal year that ended in March climbed by 46 percent to 19.2 billion euros, as Richemont announced on Friday. Adjusted for currency effects, sales increased by 44 percent. After nine months, ie from April to December, there was still growth of 50 percent.

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