The jewelry and watch group Richemont achieved slightly more sales in the past 2025/26 financial year (at the end of March). The company benefited primarily from the jewelry business, while watch sales continued to weaken. The group also announced a new program to buy back up to 10 million ‘A’ shares from May 26.
Sales rose by five percent to 22.4 billion euros in the last financial year, as the group announced on Friday in Geneva. Organically, i.e. without currency and portfolio effects, growth was eleven percent. On average, analysts had only expected an increase of just under ten percent from their own efforts. The jewelry business with the flagship brand Cartier continued to be strong, while the watch business with brands such as IWC only grew slightly organically.
Operating profit improved by one percent to 4.5 billion euros compared to the previous year. The corresponding margin shrank by 0.9 percentage points to 20.0 percent. The bottom line was a 27 percent increase in profits of 3.5 billion euros. The significant increase was also due to a loss from the discontinued business in the same period of the previous year. At the end of April 2025, the online division was sold to Mytheresa.
Shareholders are to receive a dividend of 3.30 francs per public share (A share) plus a special dividend of 1.00 francs. Last year, Richemont paid out 3.00 francs per title.
As usual, the luxury goods group did not provide a specific outlook for the new 2026/27 financial year.
