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government-trade

Richemont SA 2006 Sales Rise 12%

Results bolstered by strong global demand, except in Japan

LONDON — Sales at luxury goods group Compagnie Financière Richemont SA rose 12 percent last year to 4.83 billion euros, or $6.2 billion, from 4.31 billion euros, or $5.25 billion, on the back of strong demand in every geographic region except Japan.

The company, whose brand portfolio includes Cartier, Alfred Dunhill, Chloé, Montblanc, Jaeger-LeCoultre and Piaget, released a trading statement Tuesday, and will release full sales and profit figures for the 2007 fiscal year on May 24.

A Richemont spokesman declined to elaborate on Tuesday’s statement due to the company’s blackout period, which lasts until the full results are released.

Richemont said sales growth in the full year, which ended March 31, was dented only by exchange rate conversions, and the relative weakness of the dollar and yen.