Companies

Richemont posts solid full-year results

May 28, 2026 Switzerland

The Switzerland-based luxury group has reported solid sales growth in the 2026 financial year. All regions grew, particularly the Americas and the Middle East and Africa

“Richemont delivered a solid performance for the financial year ended 31 March 2026. As we navigated through fast-evolving geopolitical and macroeconomic conditions, the Group maintained its long-term focus, prioritising Maisons’ future growth prospects, whilst exercising discipline on costs and operational execution”, said Johann Rupert, the group’s Chairman

Full-Year Results

In the 2026 financial year, Richemont reported net sales of 22.4 billion euros, representing a 5% increase at actual exchange rates compared to the previous financial year. Excluding the unfavourable effects of foreign exchange rates, sales increased by 11%, with continued momentum in the fourth quarter, up by 13%.

Full-year sales increased across all regions, with the strongest performances recorded in the Americas and the Middle East & Africa, where sales grew year-on-year by 17% and 13% at constant exchange rates, respectively. Europe also posted solid growth, with sales up by 9% at constant exchange rates.

In the Asia-Pacific region, full-year sales grew by 8% year-on-year at constant exchange rates, driven by robust performances in South Korea, Australia and Singapore. Meanwhile, Japan recorded growth of 9%. Combined sales in China, Hong Kong and Macau increased by a low single digit figure at constant exchange rates.

In the twelve months ending on the 31^stof March, the company’s operating profit increased by 23% at constant exchange rates compared to the prior year, reaching an operating margin of 20.0%, supported by continued strength in the jewellery businesses.

Meanwhile, profit for the period rose from 2.8 billion to 3.5 billion euros year-on-year, and the group maintained a robust net cash position of 8.5 billion euros, bolstered by 4.9 billion euros in operating cash flow.

“Looking ahead, uncertainty is likely to persist, not least in relation to developments in the Middle East. Against this backdrop, the Group remains vigilant and will continue to rely on its long-term orientation and disciplined operating approach to enchant clients, maintain the desirability of its Maisons and deliver sustainable value over time for all stakeholders”, the Chairman concluded.

Image Credits: richemont.com

Switzerland Companies Luxury Results Richemont Year Results