Richemont luxuriates in a 37% revenues leap

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The healthy figures were helped by a currency boost and Richemont's acquisition of online giant Net-A-Porter, but even organic growth, stripping out M&A and currency gains, was up 22%.

Luxury goods sales have bounced back, with rivals such as LVMH reporting booming sales. Richemont's sales in Asia, the Americas and Japan were up more than 50% while European revenues grew 27%.

Dennis Webber, analyst at Evolution Securities, said: "The figures look very impressive indeed."

But Richemont, controlled by South Africa's Rupert family, was more cautious. Chief executive Johann Rupert said: "The improved trading environment is certainly welcomed." But he warned: "It is far too soon to draw any conclusions about the sustainability of the economic recovery or whether the recession is truly behind us. While sales in Asia-Pacific and the Middle East continue to expand, sales in other regions remain below the record levels."