Swiss jewellery maker Compagnie Financiere Richemont SA boosted revenue by 3% in the first quarter of fiscal 2026, driven by sales growth in Europe and the Americas.
According to a company press release, revenue for the three months ended 30 June was €5.41 billion, up from €5.27 billion in the same period a year earlier. Excluding currency fluctuations, the figure was up 6 per cent.
In Europe, sales increased 11% to €1.3bn, in the Americas, sales rose 10% (17% excluding currency fluctuations) to €1.34bn, and in the Middle East and Africa region, sales rose 11% (17%) to €524m.
Meanwhile, in Asia Pacific, revenue was down 4%, unchanged excluding currency fluctuations, to €1.73bn. In Japan, the figure fell 13 per cent due to a high comparison base (down 15 per cent at constant yen exchange rates), to €527 million.
Revenue in the key Jewellery Maisons business segment rose 7% to €3.73bn, while the Specialist Watchmakers segment declined 10% to €824m.
The company’s retail sales were up 3% to €3.73bn. Online sales also increased by 3% to €323 million. Wholesale sales and royalties rose 2% to €1.36bn.
Richemont International Corporation unites such brands as Cartier and Van Cleef & Arpels, Jaeger-LeCoultre, Piaget, IWC Schaffhausen, Baume & Mercier, Vacheron Constantin, Montblanc, dunhill and Chloe.
Since the beginning of the year, Richemont’s capitalisation has risen by 7.4% to CHF86.7bn ($108.3bn).