Richemont Reports Strong First Semester 2026, Sales up by 17%
Richemont has reported a strong first semester for its 2026 fiscal year, with sales increasing by 17% at constant rates to EUR 12.3 billion. This growth was primarily driven by its Jewellery Maisons, while the Specialist Watchmakers division also saw a solid performance.
- Sales up 17% at constant rates for the first semester ended 30 September 2026
- Operating profit up 33% at actual rates
- Jewellery Maisons sales up 18%
- Specialist Watchmakers sales up 9% at actual rates
Jewellery Maisons, including Cartier and Van Cleef & Arpels, were the key growth engine, with sales up 18% to EUR 9.1 billion.
The Specialist Watchmakers reported sales of EUR 1.7 billion, up 9% at actual rates, with Vacheron Constantin, Jaeger-LeCoultre, and A. Lange & Söhne leading the growth.
Geographically, the USA saw a 23% increase in sales, followed by Europe (+13%) and Asia-Pacific (+16%), while Japan grew by 30%. The Middle East and Africa saw a 2% decrease.
Direct-to-client sales increased, accounting for 78% of total sales, a 2-percentage-point rise from the previous year.