Swiss luxury conglomerate Richemont announced strong performance for the fiscal year ending March 31, 2024, underpinned by significant growth in the Asia Pacific region. The company’s sales reached an unprecedented €20.6 billion ($22.3 billion), reflecting a 3% increase at actual exchange rates and an 8% rise at constant exchange rates.
Operating profit stood at €4.8 billion ($5.2 billion), showcasing a 13% growth at constant exchange rates, although it experienced a 5% decline at actual exchange rates due to unfavorable currency…