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Cartier owner sales lifted by jewellery, improving Asia

On Friday, Swiss luxury group Richemont reported sales of 10.6 billion euros between April and September, ahead of analysts' 10.4 billion forecast.
A rebound in Asia helped drive growth as China, Hong Kong and Macau returned to growth and jewellery sales at Buccellati, Cartier, Van Cleef & Arpels and Vhernier rose six percent, accelerating in the second quarter.
Richemont said it countered headwinds as the Jewellery Maisons implemented measured price increases while managing costs, and net profit rose to 1.8 billion euros from 457 million last year.
Investors sent Richemont shares up nearly eight percent to 174 Swiss francs as Swiss officials sought reductions to the 39% US tariffs, which could cost about $12.3 billion if unchanged.
By region, Richemont recorded broad gains with the United States generating about 22% of sales, Americas up 20%, Europe 11%, Asia-Pacific 10%, and Middle East and Africa 22%.

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