Richmont: also benefits from watch statistics

(CercleFinance.com) - Like Swatch, the share of the Swiss luxury group Richemont, whose offer also includes watches, is up in Zurich, benefiting from the acceleration in Swiss watch exports in May.


The Richemont share is currently up nearly 2%, outperforming the SMI index (+0.8%).

According to the Federation of the Swiss Watch Industry, exports of watch products rose by 11.4% in value last month, to 2.04 billion Swiss francs. Although non-recurrent items - a positive calendar effect and the recognition of the exceptional export of alarm clocks and table clocks helped, the growth in wristwatch sales alone remains high at +8.6%.


Copyright (c) 2019 CercleFinance.com. All rights reserved.