Richemont announces in press release its consolidated results for the six-month period ending on 30 September 2018. Sales increased by 21% at actual exchange rates to EUR 6,808 million and by 24% at constant exchange rates. This strong increase in sales is mostly driven by the acquisition of Yoox Net-A-Porter Group (YNAP) and second-hand watch dealer Watchfinder.
Sales rose by 28% for Europe and 20% for Asia Pacific. For the Jewellery Maisons, sales were up 9% at EUR 3,454 million and profit was up 19% at EUR 1,167 million. The sales growth was more modest for Specialist Watchmakers at +2% (EUR 1,550 million) while the operating result was 3% lower in comparison to last year. Sales corresponding to online distribution were of EUR 893 million.