Richemont Reports Strong First Quarter 2026
Richemont, the Swiss luxury group, has reported a strong start to its 2026 fiscal year, with revenues reaching EUR 6.3 billion for the first quarter ended June 30, 2026. This represents a 20% increase at constant exchange rates, primarily driven by its jewelry brands. The Specialist Watchmakers division also showed encouraging growth, with sales up 8%.
- Sales up by 20% at constant exchange rates
- Revenues of EUR 6.3 billion for Q1 2026
- Jewellery Maisons up by 24%
- Specialist Watchmakers up by 8%
Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, saw sales increase by 24% to EUR 4.732 billion, positioning jewelry as the group's main growth driver.
The Specialist Watchmakers division reported an 8% increase in sales, reaching EUR 873 million, with Vacheron Constantin, Jaeger-LeCoultre, and A. Lange & Söhne noted as standout performers.
Geographically, the Americas led growth with a 27% increase at constant rates, followed by Japan (+36%), Asia Pacific (+21%), and Europe (+11%), with the Middle East & Africa region also experiencing a 3% rise.
Direct-to-client sales were strong, with retail sales up 24% (representing 71% of the group's business), online retail up 18%, and wholesale and royalty income up 9%.