Companies

Richemont starts the year on a positive note

Jul 17, 2026 Switzerland

The Switzerland-based luxury group reported a 20% year-on-year increase in sales at constant exchange rates in the first quarter of the 2026 financial year, supported by growth across all regions

In the three months to the 30^thof June, Richemont recorded total sales of 6.3 billion euros, reflecting a 20% increase at constant exchange rates and a 17% increase at current exchange rates compared to the same period in the previous financial year.

According to the statement, this performance was “supported by overall strong local clientele, amidst a macroeconomic and geopolitical environment that remained volatile”.

At constant exchange rates, sales in Europe rose by 11% to 1.4 billion euros during the period, while sales in the Asia-Pacific region and the Americas rose by 21% and 27% respectively, compared to the first quarter of the 2025 financial year. Japan also performed strongly, with first-quarter sales rising by 36% year-on-year to 632 million euros. Meanwhile, the Middle East and Africa returned to growth, with first-quarter sales rising by 3% year-on-year to 530 million euros.

In terms of business areas, Jewellery Maisons led growth, with sales increasing by 24% year-on-year in the first quarter to reach 4.7 billion euros. Meanwhile, sales of Specialist Watchmakers increased by 8% to 873 million euros, and the ‘other’ business area, including Fashion and Accessories Maisons, recorded a 9% increase in sales to 724 million euros compared to the first quarter of the 2025 financial year.

Richemont ended the first quarter of the year with a net cash position of 9.1 billion euros, up from 7.4 billion euros a year earlier. This was supported by a 0.4 billion euros cash inflow from the disposal of its stake in Avolta.

Image Credits: footwearmagazine.com

Switzerland Luxury Quarter Results Results Richemont