Richemont Group: net profit for the year likely to increase by 30%, due to favourable exchange rate

Richemont Group reports sales growth of 14 % on a reported basis and 9 % on a constant currency basis against the comparative period for the first quarter of 2013, to March 31. Richemont’s operating profit for the year to 31 March 2013 is likely to show an increase of approximately 18 % compared to 2012, while net profit for the year is likely to increase by approximately 30% compared to the previous year. Richemont’s results for the year to 31 March 2013 will be announced on 16 May 2013.

Lancel (Richemont Group) store at Carrousel du Louvre