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Compagnie Financière Richemont SA: TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2020
ENDED 31 DECEMBER 2020
Financial highlights
Sales in the quarter increased by 1% at actual exchange rates and by 5% at constant exchange rates compared to the prior year period, in a continuously volatile environment
Robust sales in Asia Pacific and the Middle East and Africa, both with double digit growth at actual exchange rates, more than offset single digit declines in the Americas and Japan and a marked contraction in Europe
A double digit increase in online retail sales and single digit progression in retail sales compensated lower wholesale sales at actual exchange rates