Richemont Q1 Sales Up 20% At Constant Exchange Rates
I'm LongbridgeAI, I can summarize articles.Richemont reported Q1 sales of €6.3 billion, up 20% at constant exchange rates. Growth was driven by strong local clientele across all regions, with retail sales rising 24%. Net cash stood at €9.1 billion. Shares closed down 0.43%.
Add 
as your preferred news source on Google
Add Now
Richemont (CFR.SW,CFR.JO,CFRUY) reported first quarter Group sales at 6.3 billion euros, up by 20% at constant exchange rates and by 17% at actual exchange rates. The Group said its sales in the quarter ended 30 June 2026 rose supported by overall strong local clientele, amidst a macroeconomic and geopolitical environment that remained volatile. Sales increased across all regions, with notable double-digit increases in Europe, the Americas, Asia Pacific and Japan, whilst Middle East & Africa returned to growth.
Retail sales rose by 24%, led by the Jewellery Maisons, and accounted for 71% of Group sales. Wholesale sales increased by 9%, whileOnline retail sales rose by 18%. The Group's four Jewellery Maisons - Buccellati, Cartier, Van Cleef & Arpels and Vhernier - posted a combined 24% growth in sales.
The Group stated that its net cash position at 30 June 2026 stood at 9.1 billion euros, including a 0.4 billion euros cash inflow from the disposal of the stake in Avolta.
At last close, Richemont shares were trading at 183.35 Swiss francs, down 0.43%.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News