Richemont has published the consolidated results for the first half of its 2017/2018 financial year, ending on September 30th. The group posts a turnover of 5,605 million euros, up 10% at real exchange rates and 12% at constant exchange rates.
Excluding the impact of inventory buy-backs during the previous first half-year of the 2016/2017 fiscal year, the rise corresponds to 8% at constant exchange rates. Growth spanned all segments, regions and distribution channels. Most markets, spearheaded by continental China, South Korea and the United Kingdom, showed an increase, including Hong Kong which is once again on the upswing. Jewellery and retail sales performed best.
The Swiss luxury goods group also announced the following changes in its Senior Executive Committee. Jérôme Lambert has been appointed Chief Operating Officer (COO) and will be responsible for all the Maisons other than Cartier and Van Cleef & Arpels. In parallel, he will continue to be responsible for the Richemont regional support platforms and central support services, excluding apart from Finance, Human Resources and Technology. To assist Jérôme Lambert in his tasks, Emmanuel Perrin, currently International Sales Director of Cartier, will be responsible for the coordination of all the group’s Specialist Watchmakers’ distribution strategies. He has also joined the Senior Executive Committee.
Fédération de l'industrie horlogère suisse