Richemont sales beat forecasts on strong US and Asia demand
Richemont reported a 13 percent rise in quarterly sales to 5.40 billion euros. Strong demand in the US and Asia offset a revenue dip in the Middle East region.
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Richemont reported first-quarter revenue rose 13% to €5.40B, beating analyst expectations of €5.30B. The performance outpaced rivals Hermès International, LVMH, and Kering. Strong demand in the United States and Japan shielded Richemont from regional volatility and high raw material costs.
