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Richemont posts solid start to the year for its first quarter ended 30 June 2025
Compagnie Financière Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
16 JULY 2025
RICHEMONT POSTS SOLID START TO THE YEAR
FOR ITS FIRST QUARTER ENDED 30 JUNE 2025
Highlights for the quarter ended 30 June 2025
* Group sales at EUR 5.4 billion, up by 6% at constant exchange rates and by 3%
at actual exchange rates in a volatile macroeconomic and geopolitical context
* Continued strength at Jewellery Maisons, up by 11% at constant exchange rates;
softer sequential rate of decline at Specialist Watchmakers, down by 7%;
'Other', including Fashion & Accessories Maisons, at -1%
* Double-digit growth in Europe, the Americas and Middle East & Africa; stable
sales in Asia Pacific at constant exchange rates; Japan down on high
comparatives in prior-year period
* Consistent growth across all distribution channels, led by Jewellery Maisons
* Robust net cash position at EUR 7.4 billion, after cash transferred to YNAP
upon closing of the sales transaction with LuxExperience
April-June 2025 2024 Movement at:
EURm constant rates actual rates
By region
Europe 1 295 1 171 +11% +11%
Asia Pacific 1 731 1 809 - -4%
Americas 1 335 1 215 +17% +10%
Japan 527 603 -15% -13%
Middle East & Africa 524 470 +17% +11%
By distribution channel
Retail 3 734 3 631 +6% +3%
Online retail 323 315 +6% +3%
Wholesale and royalty income 1 355 1 322 +6% +2%
By business area
Jewellery Maisons 3 914 3 656 +11% +7%
Specialist Watchmakers 824 911 -7% -10%
Other 674 701 -1% -4%
Total 5 412 5 268 +6% +3%
Please contact Computershare at Web.Queries@Computershare.co.za if you wish to
receive any documents electronically for Richemont.
This results announcement is the responsibility of the directors of Compagnie
Financière Richemont SA and is a summary of the information in the full
announcement available on the Stock Exchange News Service ("SENS") at:
https://senspdf.jse.co.za/documents/2025/JSE/ISSE/CFR/FY26Q1.pdf and on the
Group's website: https://www.richemont.com/news-media/press-releases-news/
This results announcement does not contain full details and any investment
decision by investors and/or shareholders in relation to the Company's shares
should be based on a consideration of the full announcement. The full
announcement is also available for inspection, at no charge, at the Company's
registered office (50 Chemin de la Chênaie, 1293 Bellevue, Geneva, Switzerland)
and the office of the Sponsor during standard office hours.
Richemont 'A' shares issued by Compagnie Financière Richemont SA are listed and
traded on the SIX Swiss Exchange, Richemont's primary listing
(Reuters 'CFR.S' / Bloomberg 'CFR:SW' / ISIN CH0210483332). They are included in
the Swiss Market Index ('SMI') of leading stocks and the MSCI Switzerland IMI
ESG Leaders Index. The 'A' shares are also traded on the Johannesburg Stock
Exchange, Richemont's secondary listing
('CFRJ.J' / Bloomberg 'CFR:SJ' / ISIN CH0210483332).
Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196
Email: sponsorteam@rmb.co.za
Date: 16-07-2025 07:30:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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