YNAP and Watchfinder boost Richemont's Q3 revenues

In the three month period ended December 31, 2018, Compagnie Financière Richemont SA said that with the consolidation of YNAP and Watchfinder regrouped for the first time under the newly created Online Distributors business area, group sales grew by 24 percent to 3,915 million euros (4,511 million dollars) at constant exchange and by 25 percent at actual exchange. Excluding YNAP and Watchfinder, sales rose by 6 percent at actual exchange rates and by 5 percent at constant exchange rates. The company added that YNAP posted double digit-growth across all regions, Watchfinder’s sales expanded moderately.