News During the third quarter (October-December) of its 2006-2007 financial year, the Geneva based luxury group Richemont saw its turnover grow by 10% compared to the same period of 2005 (+15% at constant exchange rates). All sectors of activity contributed to some extent to this growth: +8% for firms specialising in jewellery (Cartier and Van Cleef & Arpels); +13% for watch manufacturers (Baume & Mercier, IWC, Jaeger-LeCoultre, A. Lange & Söhne, Panerai, Piaget and Vacheron Constantin); +13% for manufacturers of writing instruments (Montblanc and Montegrappa); +1% for firms active in leather goods and home accessories (Alfred Dunhill and Lancel). The same is true of markets, with the exception of Japan, down by 2%: +13% for Europe and the Asia Pacific region; +11% for the Americas.
Meanwhile sales for the first nine months of the financial year stood at 3,855 million euros, an increase of 13% compared to April-December 2005 (+17% at constant exchange rates). Here too, all sectors of activity did well: +11% for jewellers, +14% for watch manufacturers, +19% for writing instruments and +6% for leather goods and home accessories. In terms of markets, Europe and the Asia-Pacific region registered gains of 16%, the Americas 14% and Japan 3%.
February 06, 2007