ZURICH, July 16 Reuters Luxury group and Cartierowner Richemont reported a 1 rise in sales at constant exchange rates in the three months through June, though they were down 1 at current exchange rates, the company said on Tuesday.

At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1 to 5.3 billion euros 5.77 billion, after growing by 19 in the prioryear period, demonstrating the Group39;s resilience in a continuing uncertain macroeconomic and geopolitical environment, the company said in a statement.

The figures follow a rocky start to the reporting season for European luxury goods companies.

On Monday, a sharp drop in sales at Swiss watchmaker Swatch and a profit warning from Britain39;s Burberry hammered the firms39; shares.

1 0.9184 euros

Writing by Dave Graham, Editing by Miranda Murray

Source Reuters