Richemont confirms analysts’ expectations

The luxury goods group closed the first quarter of the current financial year, which ended on June 30, with a sales increase of three percent at actual exchange rates compared to the same period of the previous year (+61% adjusted for currency effects).

Cumulative Group sales in April, May and June 2025 amounted to €5.4 billion.

While the jewelry segment grew by seven percent to €3.6 billion, the watch segment saw a significant decline of ten percent to €824 million.

The regions Japan (-13 %) and Asia-Pacific (-4 %) lost ground, while Europe (+11 %), America (+10 %) and the Middle East & Africa (+11 %) delivered positive results.

The company has thus confirmed analysts’ expectations.