0737 GMT - Swiss luxury group Richemont delivered an exceptional performance in a still challenging environment, Vontobel analyst Jean-Philippe Bertschy says in a note. The owner of Cartier and other high-end brands booked sales of 6.15 billion euros for its fiscal third quarter ended Dec. 31, 10% higher on year and surpassing consensus estimates of 5.63 billion euros. This represents a strong acceleration from the 1% decline in the prior quarter, Bertschy says. "Richemont has never been stronger," the analysts says. This is despite the situation in China, where the company noted that demand is still struggling and in the group's watches business, which reported an 8% decline in quarterly sales. Shares in Richemont closed at 139.05 Swiss francs on Wednesday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 02:38 ET (07:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。