RICHEMONT sales at € 10.6 billion with 10% growth at constant rates

RICHEMONT DELIVERS SOLID RESULTS
FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2025
WITH STRONG SALES MOMENTUM IN Q2


Group highlights

• Group sales at € 10.6 billion with 10% growth at constant rates (+5% actual); Q2 acceleration to +14%

​Johann Rupert
Chairman
Compagnie Financière Richemont SA, stated,

Annual General Meeting and publication and shareholder approval of our Non-Financial Report
At the Annual General Meeting (‘AGM’) on 10 September 2025, all Board members who stood for re-election for a further one-year term were re-elected and Wendy Luhabe was re-elected as the ‘A’ shareholders’ representative.
The appointment of KPMG SA taking over from PricewaterhouseCoopers as auditor of the Company was approved for a term of one year.
On 5 June, Richemont published its Non-Financial Report alongside its Annual Report and Accounts for the year ending 31 March 2025.
Our Non-Financial Report 2025 was put to the vote for the second time at this year’s AGM where it was approved. The Report was prepared in accordance with the Global Reporting Initiative (‘GRI’) standards and complies with the reporting disclosures required by Swiss regulations, with non-financial disclosures and indicators independently assured. As I have said before, we recognise that our responsibility extends beyond our shareholders towards our colleagues, our customers, the communities in which we operate, society and our planet as a whole. Our Non-Financial Report lays out how we operate as a responsible business, guided by a common sustainability framework to ensure a consistent application of policies and risk management, and to foster collaboration across the Group and with external partners.

 
Concluding remarks
The Group delivered a remarkable top line performance in the first half led by sustained local demand, attesting to the strength of our Maisons’ positioning, built with consistency over time. Our Jewellery Maisons continued to excel, and we saw some encouraging signs at several Specialist Watchmakers and Fashion & Accessories Maisons. At constant rates in Q2, we saw growth across all our business areas and double-digit performances across all regions, demonstrating the benefit of the Group’s several growth engines.
In the last months, the Group has continued to be stress-tested, confronted by an unprecedented combination of external macroeconomic headwinds including material currency movements, the rising price of gold and the first impact of additional US duties. In order to reflect this high-cost environment, we introduced balanced and targeted price increases at the same time as aiming to preserve value for our clients over the long term. Supported by effective cost discipline, the Group was able to grow its operating profit and maintain a strong balance sheet whilst continuing to invest in our Maisons’ long-term success, through selective manufacturing capacity and distribution network expansion.
Looking ahead, it is evident that we will need to continue navigating through uncertain times, given that recovery paths remain unsteady, for instance in China, and that external pressures show no sign of abating. Managing the uncertainty will continue to require agility and discipline, particularly as we face demanding comparatives.
I have full confidence in our talented teams’ ability to continue to rise to the challenge, and never cease to be impressed by their excellence at crafting distinctive and timeless creations to enchant our clients. I know that we can count on the unwavering dedication of our renewed leadership to implement our Maisons’ long-term strategies with discipline and agility, thereby contributing to sustainable value creation for our stakeholders.


 Annual General Meeting and publication and shareholder approval of our Non-Financial Report
At the Annual General Meeting (‘AGM’) on 10 September 2025, all Board members who stood for re-election for a further one-year term were re-elected and Wendy Luhabe was re-elected as the ‘A’ shareholders’ representative.
The appointment of KPMG SA taking over from PricewaterhouseCoopers as auditor of the Company was approved for a term of one year.
On 5 June, Richemont published its Non-Financial Report alongside its Annual Report and Accounts for the year ending 31 March 2025.
Our Non-Financial Report 2025 was put to the vote for the second time at this year’s AGM where it was approved. The Report was prepared in accordance with the Global Reporting Initiative (‘GRI’) standards and complies with the reporting disclosures required by Swiss regulations, with non-financial disclosures and indicators independently assured. As I have said before, we recognise that our responsibility extends beyond our shareholders towards our colleagues, our customers, the communities in which we operate, society and our planet as a whole. Our Non-Financial Report lays out how we operate as a responsible business, guided by a common sustainability framework to ensure a consistent application of policies and risk management, and to foster collaboration across the Group and with external partners.

 
Concluding remarks
The Group delivered a remarkable top line performance in the first half led by sustained local demand, attesting to the strength of our Maisons’ positioning, built with consistency over time. Our Jewellery Maisons continued to excel, and we saw some encouraging signs at several Specialist Watchmakers and Fashion & Accessories Maisons. At constant rates in Q2, we saw growth across all our business areas and double-digit performances across all regions, demonstrating the benefit of the Group’s several growth engines.
In the last months, the Group has continued to be stress-tested, confronted by an unprecedented combination of external macroeconomic headwinds including material currency movements, the rising price of gold and the first impact of additional US duties. In order to reflect this high-cost environment, we introduced balanced and targeted price increases at the same time as aiming to preserve value for our clients over the long term. Supported by effective cost discipline, the Group was able to grow its operating profit and maintain a strong balance sheet whilst continuing to invest in our Maisons’ long-term success, through selective manufacturing capacity and distribution network expansion.
Looking ahead, it is evident that we will need to continue navigating through uncertain times, given that recovery paths remain unsteady, for instance in China, and that external pressures show no sign of abating. Managing the uncertainty will continue to require agility and discipline, particularly as we face demanding comparatives.
I have full confidence in our talented teams’ ability to continue to rise to the challenge, and never cease to be impressed by their excellence at crafting distinctive and timeless creations to enchant our clients. I know that we can count on the unwavering dedication of our renewed leadership to implement our Maisons’ long-term strategies with discipline and agility, thereby contributing to sustainable value creation for our stakeholders.