Nuance first-quarter sales rise 9.7%

The Nuance Group has reported sales of SFr387.3m ($366.7m) in the first quarter of 2008, up 9.7% on the same period last year when adjusted for exchange rates and closed operations in Copenhagen and Vancouver. The company attributed the growth to strong results in several markets across Asia, Europe and North America.

 

The opening of Singapore Changi terminal three, where Nuance-Watson (Singapore) holds the exclusive fragrances and cosmetics concession, had a particularly strong impact, while Nuance-Watson (HK)’s business was boosted by high traffic and passenger spend. In Europe, Nuance’s operations in Switzerland and Turkey also grew strongly.

 

Nuance president and CEO Roberto Graziani said: "Results for the first quarter are well ahead of last year and better than forecast. We expect to build on this successful start to the year and we are committed to beat the challenging targets that we have set for ourselves for 2008, despite the current unfavourable economic environments."