Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Richemont Says Full-Year Profit Rose 30% on Favorable Currencies

By
  • Bloomberg

ZURICH, Switzerland — Cie. Financiere Richemont SA, the maker of Cartier jewelry and IWC watches, said full-year net income rose about 30 percent, boosted by favorable exchange rates.

Operating profit rose about 18 percent in the year through March as sales rose 14 percent, the Geneva-based company said today in a statement. Revenue rose 9 percent excluding currency shifts.

The company said Swiss stock exchange rules required the announcement and the company will report full results on May 16.

By: Janice Kew; Editors: Thomas Mulier, Tom Lavell

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The State of Fashion 2024