|
|
Article: Swiss Richemont reports 15% revenue drop for Apr-Aug FY '09/10.(Financial report)
- Article from:
- ADP News Switzerland
- Article date:
- September 9, 2009
CopyrightCOPYRIGHT 2009 Aii Data Processing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(ADPnews) - Sep 9, 2009 - Swiss Compagnie Financiere Richemont (VTX:CFR) reported on Wednesday a 15% revenue decline calculated in euro for the first five months of fiscal 2009/10.
In local currencies, the luxury goods company booked a 21% drop of revenue.
The revenue in the regions of the Americas and Europe went down respectively by 36% and 22%, in euro terms. However, the sales in the Asia-Pacific region, including China, rose by 5%.
The sales of the division Jewellery Maisons and the specialist watchmakers unit fell by 14% and 18% in euro terms, respectively.
At today's general shareholders meeting, the managing board will propose ...