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Luxury: Richemont, third quarter in line with expectations, revenues +5%

The luxury group listed on the Zurich Stock Exchange and owner, among others, of the Mont-Blanc brand reported revenues of 2,8 billion euros in the period October-December 2012, with an increase of 5%.

Luxury: Richemont, third quarter in line with expectations, revenues +5%

Meet analyst forecasts: sales growing and in line with forecasts for the Richemont luxury group in the third quarter of 2012. The luxury group listed on the Zurich Stock Exchange and owner, among others, of the Mont-Blanc brand reported revenues of 2,8 billion euros in the period October-December 2012 with an increase of 5% at constant rates and 9% at real rates.

The consensus had estimated sales in the period under consideration at 2,8 billion. The push came in particular from the American continent where the increase was 452 million. On the other hand, the trend in the Asia Pacific area was stable, compared to the same period of 2011 with a great increase.

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