The Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) achieved a solid increase in sales in the third quarter of the 2025/26 financial year, thereby exceeding market expectations.
According to an interim report published on Thursday, group sales in the months October to December amounted to 6.4 billion euros. This corresponded to an increase of four percent compared to the same period last year. Adjusted for exchange rate changes, revenue grew by eleven percent. According to the company, the increase was based on continued strong business from jewelry manufacturers and a further recovery in the watch segment.
In the first nine months of the current financial year, consolidated sales reached 17.0 billion euros, exceeding the previous year’s level by five percent (+10 percent adjusted for currency effects).
Sales of jewelry and watches are increasing
The jewelry division, which includes brands such as Buccellati, Cartier, Van Cleef & Arpels and Vhernier, achieved a sales increase of six percent (currency-adjusted +14 percent) to 4.8 billion euros in the third quarter. Growth in all sales channels and regions contributed to this.
The watch segment reported a second consecutive positive quarter. Thanks to strong increases in America and the Middle East and Africa, sales increased by one percent (currency-adjusted +7 percent) to 872 million euros.
The “Other” division, which includes the group’s fashion and accessories brands, suffered a five percent decline in sales to 742 million euros. Adjusted for exchange rates, revenue remained largely constant. Within this segment, fashion and accessories manufacturers grew by three percent. According to the group, the brands Peter Millar and Gianvito Rossi showed remarkable momentum. Watchfinder & Co. achieved double-digit growth.
Demand is developing most dynamically in the Middle East and Africa
Richemont reported currency-neutral growth in all geographic regions. The Middle East and Africa recorded the highest regional sales increase of 20 percent, driven primarily by strong results in the United Arab Emirates. Sales in Japan grew by 17 percent on a currency-adjusted basis due to strong local demand and business with tourists. Sales in America rose by 14 percent after adjusting for currency effects.
In Europe, the group achieved a currency-adjusted sales increase of eight percent thanks to strong results in Great Britain and Italy. The Asia-Pacific region recorded growth of six percent in constant currency. Total sales in China, Hong Kong and Macau rose by two percent.
The main growth driver in the last quarter was our own stationary retail trade, with a currency-adjusted increase of twelve percent. He contributed 72 percent of total group sales. In online sales, revenues grew by five percent after adjusting for currency effects, and in wholesale business they rose by nine percent.
The group said it continues to invest in the long-term growth prospects of its factories despite the complex macroeconomic environment. However, rising material costs and volatile exchange rates continue to put a strain on margins.
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