Richemont SA Reports Unaudited Sales Results for the Third Quarter and Nine Months Ended Dec. 31, 2016; Provides Financial Guidance for the Year Ending Mar. 31, 2017
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.