PARIS (Reuters) – Strong sales in Asia helped Cartier owner Richemont <CFR.S> on Thursday post a 9% rise in comparable revenue for the quarter to June 30, offsetting a weaker performance in Europe and in spite of protests in Hong Kong which weighed on sales.
Growth in mainland China in particular drove growth, the group said.
Revenue rose 12% on a reported basis to 3.74 billion euros (3.38 billion pounds) in the April to June period, Richemont said, up 12% at constant currencies. The figures included its online distributors like e-commerce platform Yoox Net-A-Porter.
Without these, sales would have been up 3% at constant exchange rates.
(Reporting by Sarah White; Editing by Michelle Martin)