Luxury goods group Richemont sales up.

Posted by PoyFR @Connectingwatches on November 19, 2004 - 06:15AM cet - IP : 81.51.231.93
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Article by BusinessDay Richemont sales up 14% Luxury goods group Richemont (RCH) on Thursday rep The group's operating profit was 157% higher at eu Richemont said it enjoyed a significant improvemen Growth in sales of 22% in April and May 2004 more This growth was complemented by growth of some 10% Operating profit increased to euro 208 million, re Cash flow from operations amounted to euro 105 mil Consequently, net cash at the end of September amo The group's share of the results of BAT amounted t Richemont Executive Chairman Johann Rupert said th There was also good growth in the Americas and in Cartier, the Group's leading Maison, had good mome Richemont's specialist watch brands have also perf Montblanc's strategy of product diversification, l At Alfred Dunhill, the focus on leather, accessory Operating losses have therefore been reduced. Duri Lancel is still in a process of transition. Whilst "We have seen a good performance from the Group's Looking ahead, Rupert said the trend of growing sa Europe and the Asia-Pacific region reported good r "Richemont's Maisons are, in general, very strongl "They are better prepared than ever before to meet "Equally, Richemont now has a very strong balance Assuming a continuation of the trends seen in rece "Acknowledging that the Group's performance in the "Nonetheless, we live in very difficult and volati I-Net Bridge Article by BusinessDay

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