Richemont seen up as strong jewellery demand drives Q1 beat
15/07/2026 07:22
BUZZ-Richemont seen up as strong jewellery demand drives Q1 beat ** Shares in Richemont CFR.S were indicated 8% higher in Julius Baer's pre-market trade after the Cartier jewellery owner reported better-than-expected Q1 sales
** The company said its sales rose by 20% in constant currencies to €6.33 billion ($7.24 billion), beating €5.90 billion in Visible Alpha consensus
** The results were "smashing through company-collected consensus across the board," Bernstein says
** Swiss peer Swatch UHR.S is seen up 3.3%
($1 = 0.8742 euros)
(Reporting by Amir Orusov)
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