Richemont SA reported unaudited sales results for the third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported total sales of €3,093 million against €2,927 million for the same period of last year. Sales in the quarter increased by 5% at constant exchange rates and by 6% at actual rates compared to the prior year's period.

For the nine months, the company reported total sales of €8,179 million against €8,748 million for the same period of last year. Sales over the nine-month period to December declined by 6% at constant exchange rates and by 7% at actual exchange rates.

The company provided financial guidance for the year ending 31 March 2017. For the year, the company expects, net profit will face a challenging comparative due to the prior year's inclusion of the €639 million non-cash gain relating to the merger of The NET-A-PORTER GROUP with YOOX Group.