Richemont reports a strong Christmas quarter in 2025 – watches remain in positive territory

Adjusted for currency effects, group sales in the third quarter of Richemont's financial year (ending 31 December 2025) increased by 11 percent compared to the same period of the previous year to €6.4 billion.

That's more than in Record-breaking quarter of the previous year, when Richemont achieved a sales increase of ten percent. Analysts had on average expected organic growth of only 8.3 percent.

The group will not publish profit figures for the third fiscal quarter and, as usual, will not provide a forecast for the entire fiscal year 2025/26.

Retail sales accounted for 72 percent of the group's revenue, wholesale sales increased by nine percent, and online sales by five percent.

All regions recorded solid growth, led by double-digit growth rates in the Americas (North and South), Japan, and the Middle East and Africa.

America

In America, continued strong domestic demand drove sales growth by 14 percent, with all business units and major markets contributing to the increase.

Europe

In Europe, sales rose by eight percent, driven by domestic demand and supporting spending from tourists, particularly from North America and the Middle East. Most other markets recorded strong growth, most notably the UK and Italy.

Middle East & Africa

The Middle East & Africa region recorded the strongest regional growth, with a 20 percent increase in sales. This growth was led by the strong performance of the market in the United Arab Emirates and double-digit growth rates in all business areas.

Asia-Pacific

In the Asia-Pacific region, sales increased by six percent. In China, Hong Kong, and Macau combined, sales rose by two percent, primarily due to solid business performance in Hong Kong. Growth was also robust in the other regions, with notable results in South Korea and Australia.

Japan

In Japan, sales increased by 17 percent. Local demand remained strong, supported by overall tourist spending.

Jewelry and watches

The group's four jewelry brands – Buccellati, Cartier, Van Cleef & Arpels and Vhernier – achieved sales of €4.78 billion, representing a 14 percent increase compared to the last three months of 2024. This corresponds to the cumulative growth in the first three quarters of the current fiscal year (April-December 2025).

With its watch brands – A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin – Richemont achieved an increase of seven percent to €872 million in the last three months of the previous year.

In Q1 of the current fiscal year While watch sales declined by ten percent in the first quarter, they rebounded by three percent in the second quarter. Cumulatively (April-December 2025), this results in a slight increase of one percent compared to the same period in 2024.