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Baccarat: 4th quarter growth despite a chaotic year in 2020

Baccarat: 4th quarter growth despite a chaotic year in 2020

In Q4 2020, Baccarat Group revenues totaled 57.9 million euros, up 8.8% at comparable exchange rates and 6.8% at current exchange rates compared to the fourth quarter of the previous year.

 

On a cumulative basis, 2020 revenues were 144.7 million euros, down 11.3% at comparable exchange rates and 11.8% at current exchange rates. Business in all regions was significantly impacted by closures or restrictions on points of sale since the start of the Covid 19 pandemic.

 

Over the year, sales in Europe were down 12.4% at comparable exchange rates (-12.5% at current exchange rates), compared with a 14.8% decline at comparable exchange rates and a 16.4% decline at current exchange rates in the Americas.

 

18.4 million in credit facilities (’15 million as of December 31, 2019), of which 9.2 million was drawn down as of December 31, 2020 (‘12.2 million as of December 31, 2019).

 

See Also

Read Also > [LUXUS+ MAGAZINE] LUXURY WATCHMAKING: THE TRADITION OF THE TOURBILLON

 

Featured Photo : © Press

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