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A Cartier De Panterhere Cample in a Cartier luxury goods store run by CIE. Financiere richemont.
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Cartier owner Richemont On Friday, he placed the fourth quarter sales than expected, because the richest spending continues to break the global macroeconomic uncertainty.
Revenues in the Swiss luxury group increased by 5.17 billion euros ($ 5.79 billion) by the end of March ($ 5.79 billion), the 4.98 billion euro forecast by LSEG analysts.
The shares were closed 4.9%. Time to trade at the top of the Stoxx 600 in London.
In the fourth quarter, a group of bullets, Cartier, Van Cleef & Arpels and Buccellati, the group of the jeweler Maisons took the growth.
Sales, due to weakness in the Asia-Pacific region, the brands were reduced to the company’s specialist Saters segment, which introduced Piaget and Roger Dubuis.
The full annual sales increased by 4% to 21.4 billion euros, up to the previous year and analytical expectations 21.34 billion euros.
Asia Pacific (EX. Japan) – rose sales between all regions, except for the company’s largest market – where there is a 23% decline in China. Japan increased by an annual sales growth, “strong domestic and tourist benefit” and 25% in the actual exchange rates in the vain Japanese new Japanese new.
“A high-rise growth in our performance, jewelry maisons and retail and retail and retail and ‘other’ activities,” Richemont Speaker Johann Rupert said. The company includes retailers who pre-owned the so-called “other” segment.
The chairman added that the ongoing global uncertainties will continue to require “strong agility and discipline.”
BOFA global studies, in a note that Richemont met with three main global headlines last week, gold prices, US tariffs and foreign exchange waves, US tariffs and foreign exchange fluctuations.
However, bank analysts added that the company’s price capacity can provide the tail.
“We think that the price will cover half of the headers,” he said. “The price, the use of the product mix and higher capacity is the most obvious performances.”
Richemont had previously reported “The highest” In January, the quarterly sales figure, as China’s demand, as well as 6.2 billion euros.
Earnings, at that time, was taken as a broader turning signal in the Beleagued luxury sector. However, the performance of US trading tariffs and subsequent macroeconomic uncertainty, threatened the consumer confidence and the global spending.
