Swiss luxurious group Richemont has reported a strong begin to fiscal 2026 (FY26), with gross sales rising by 6 per cent year-over-year (YoY) at fixed trade charges to €5.41 billion (~$6.27 billion) within the first quarter ended June 30, 2025. At precise trade charges, gross sales elevated by 3 per cent YoY, regardless of persistent macroeconomic and geopolitical uncertainties.
Area-wise, the expansion was led by double digit will increase in Europe, the Americas and Center East and Africa, greater than offsetting Japan’s gross sales decline towards excessive prior-year comparatives; gross sales within the Asia Pacific area remained steady, Richemont mentioned in a press launch.
Richemont has reported a powerful begin to FY26 with Q1 gross sales rising 6 per cent YoY at fixed charges to €5.41 billion (~$6.27 billion).
Progress was led by Europe, the Americas, and the Center East & Africa, offsetting declines in Japan.
All gross sales channels grew 6 per cent.
The group maintained a powerful internet money place of €7.4 billion (~$8.58 billion) as of June 30, 2025.
In Europe, gross sales grew by 11 per cent, pushed by sturdy demand from native shoppers and general constructive vacationer spend. Virtually all major markets within the area noticed a rise in gross sales this quarter, with notable performances in Italy and Germany.
Within the Americas, gross sales development remained sturdy at 17 per cent, pushed by supportive native demand throughout all enterprise areas and markets. Gross sales within the Center East & Africa area rose by 17 per cent, led by the United Arab Emirates market in addition to larger vacationer spend.
In Japan, gross sales declined by 15 per cent towards a demanding 59 per cent comparative within the prior-year interval, with a strengthening Yen strongly decreasing vacationer spend, most notably from Chinese language clientele, while native demand remained constructive.
Asia Pacific gross sales had been steady general versus the prior-year interval, as a 7 per cent decline in China, Hong Kong and Macau mixed was absolutely compensated by sturdy development in nearly all different Asian markets. Gross sales in Australia and South Korea had been up double digits, added the discharge.
Channel-wise, all distribution channels posted 6 per cent development at fixed trade charges. Retail contributed €3.73 billion, accounting for 69 per cent of group gross sales, with development seen throughout all areas besides Japan. On-line retail rose to €323 million, and wholesale and royalty earnings reached €1.36 billion, pushed by will increase within the Americas, Europe, and Center East & Africa.
Richemont maintained a sturdy internet money place of €7.4 billion (~$8.58 billion) as of June 30, 2025, barely up from €7.3 billion within the earlier yr. This follows a €426 million money outflow associated to the sale of YNAP to Mytheresa on April 23, 2025.
