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COMPAGNIE FINANCIERE RICHEMONT SA - Trading update for the third quarter ended 31 December 2019

Release Date: 17/01/2020 08:00
Code(s): CFR     PDF:  
 
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Compagnie Financiere Richemont SA 

Depository Receipts issued by Richemont Securities SA ("Richemont Securities" or "Richemont") (Incorporated in Switzerland) Share code: CFR ISIN: CH0045159024 Depository Receipt Code: CFR RICHEMONT COMPANY ANNOUNCEMENT 17 JANUARY 2020
TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2019 Financial highlights
? Sales in the quarter increased by 6% at actual exchange rates and by 4% at constant exchange rates compared to the prior year period, both including and excluding Online Distributors ? Strong growth in Europe and the Americas; Asia Pacific up low-single digit, with strong double digit increases in China and Korea more than offsetting a marked contraction in Hong Kong SAR, China ? all at actual exchange rates ? High-single digit progression in retail and online retail sales, outperforming muted wholesale sales growth at actual exchange rates ? Sales increases across most business areas at actual exchange rates, led by robust performance from the Jewellery Maisons
+-----------------+-----------------+-----------------+------------------+------------------------+ | | | | | | | | | | Change at| | | | October-December| October-December| constant exchange| Change at actual| | | 2019| 2018| rates versus| exchange rates| | | EUR m| EUR m| prior period (%)| versus prior period (%)| +-----------------+-----------------+-----------------+------------------+------------------------+ |Sales by region | +-----------------+-----------------+-----------------+------------------+------------------------+ |Europe | 1 263| 1 147| +9%| +10%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Asia Pacific | 1 429| 1 389| +2%| +3%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Americas | 874| 801| +5%| +9%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Japan | 341| 344| -7%| -1%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Middle East | 249| 234| +3%| +6%| |and Africa | | | | | +-----------------+-----------------+-----------------+------------------+------------------------+ | | | | | | +-----------------+-----------------+-----------------+------------------+------------------------+ |Sales by distribution channel | +-----------------+-----------------+-----------------+------------------+------------------------+ |Retail | 2 212| 2 049| +5%| +8%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Online retail | 747| 694| +5%| +8%| +-----------------+-----------------+-----------------+------------------+------------------------+ |Wholesale | 1 186| 1 164| ?| +2%|
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