Sales increased by 2 per cent to € 5 418 million. Good growth in the first six months was largely offset by lower sales in the second six months as a result of the worldwide economic slowdown.

The overall 2 per cent sales increase reflected 10 per
cent growth during the first six months of the year
followed by a 5 per cent sales decline during the second
six months. The decline was primarily the result of the
worldwide economic slowdown, with the United States
in particular reporting very weak trading during the
important pre-Christmas period.

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Source: Compagnie Financière Richemont SA