Ad Hoc Announcement – Richemont announced a 14% increase in sales at actual exchange rates (19% at constant exchange rates) for its first quarter ended June 30, 2023. Sales growth was driven by higher sales across almost all regions and distribution channels, as well as all business areas. Asia Pacific saw a strong rebound, offsetting muted sales in the Americas. Retail sales accounted for 68% of Group sales, with direct-to-client sales representing 74% of total sales. The Jewellery Maisons experienced the highest growth (+19% at actual rates, +24% at constant rates), followed by the Specialist Watchmakers (+6% at actual rates, +10% at constant rates)
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