{"id":43359,"date":"2024-05-22T02:52:43","date_gmt":"2024-05-22T02:52:43","guid":{"rendered":"https:\/\/www.aplf.com\/2024\/05\/22\/richemont-hangs-onto-sales-growth-in-2024-results\/"},"modified":"2024-05-22T02:52:56","modified_gmt":"2024-05-22T02:52:56","slug":"richemont-hangs-onto-sales-growth-in-2024-results","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hans\/2024\/05\/22\/richemont-hangs-onto-sales-growth-in-2024-results\/","title":{"rendered":"Richemont hangs onto sales growth in 2024 results"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"43359\" data-post-id=\"43359\" data-obj-id=\"43359\" class=\"elementor elementor-43359 dce-elementor-post-43359 elementor-43355\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\">22 May 2024<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23791b0 elementor-widget elementor-widget-heading\" data-id=\"23791b0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Richemont hangs onto sales growth in 2024 results<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f41ab3 elementor-widget elementor-widget-image\" data-id=\"6f41ab3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"600\" height=\"399\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/05\/image-23.jpeg\" class=\"attachment-large size-large wp-image-43357\" alt=\"\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/05\/image-23.jpeg 600w, https:\/\/www.aplf.com\/wp-content\/uploads\/2024\/05\/image-23-500x333.jpeg 500w\" sizes=\"(max-width: 600px) 100vw, 600px\" style=\"width:100%;height:66.5%;max-width:600px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3baaeb8 elementor-widget elementor-widget-text-editor\" data-id=\"3baaeb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Richemont has reported its financial results for the full 2024 financial year, when sales were up 3% (8% at constant exchange rates) to \u20ac20.6 billion. By <a href=\"https:\/\/internationalleathermaker.com\/\" target=\"_blank\" rel=\"noopener\">ILM<\/a>.<\/p>\n<p>Sales were up 4% in the Asia Pacific with a 7% increase in mainland China, Hong Kong and Macau combined. Growth in the Americas came in at 1% thanks to improvements in the second half of the year, while Europe grew by 2% year-on-year.<\/p>\n<p>Sales in the Middle East &amp; Africa improved by 7% and Richemont highlighted that Japan had the strongest regional performance for the year at 8%.<\/p>\n<p>Jewellery Maisons drove growth for the company with combined sales up by 6% (12% at constant exchange rates) to more than \u20ac14 billion. Meanwhile, Specialist Watchmakers reported a decline of 3% (up 2% at constant exchange rates) to \u20ac3.8 billion and the Other business area (including fashion and accessories) had a loss of \u20ac43 million, while fashion and accessories alone broke even.<\/p>\n<p>Gross profit was up by 2% for the year to \u20ac14 billion with a margin down to 68.1%. Richemont reported profit for the year of \u20ac2.36 billion.<\/p>\n<p>Chairman Johann Rupert said: \u201cWe experienced a softening of sales in the fourth quarter in Asia Pacific against challenging comparatives, which was more than offset by higher growth in all the other regions. As we predicted, a sustainable rebound in Chinese demand would take some time.<\/p>\n<p>\u201cWe are encouraged by our increasingly balanced client mix across nationalities, with the emergence of several growth engines for the Group. Our deliberate focus on local clients across geographies, supported by increased direct client interaction, is contributing to improved resilience.\u201d<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-75d80fd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75d80fd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c00671\" data-id=\"1c00671\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19eb4bc elementor-widget elementor-widget-spacer\" data-id=\"19eb4bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>22 May 2024 Richemont hangs onto sales growth in 2024 r&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hans\/2024\/05\/22\/richemont-hangs-onto-sales-growth-in-2024-results\/\">\u7ee7\u7eed\u9605\u8bfb<span class=\"screen-reader-text\">Richemont hangs onto sales growth in 2024 results<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":43357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-43359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news-sc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Richemont hangs onto sales growth in 2024 results - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hans\/2024\/05\/22\/richemont-hangs-onto-sales-growth-in-2024-results\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Richemont hangs onto sales growth in 2024 results - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"22 May 2024 Richemont hangs onto sales growth in 2024 r&hellip; 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