Category: Richemont

Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2024. The Group delivered an overall stable performance with flat sales at constant exchange rates and -1% at actual rates, at EUR 10.1 billion. At EUR 2.2 billion, profit is down 12% at constant rates and down 17% […]

Following the announcement yesterday of decreasing sales for the Swatch Group, particularly impacted by the industry’s challenging situation in China and South East Asia, it is time today for one of its main competitors, Richemont Group, to announce its sales for the first quarter ended 30 June 2024. Contrary to expectations, global sales are to […]

While the global economic situation might feel rather pessimistic, the luxury business and the watch and jewellery industry continue to post strong results for the year 2023. Following the announcement of a record year for Swiss watch exports in 2023, as well as strong revenues for both LVMH and the Swatch Group, it is now […]

Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the nine months ended 31 December 2023. The group, which includes brands such as Cartier, IWC, JLC and Vacheron, reports sales up by 8% at constant exchange rates and by 4% at actual exchange rates to EUR 5.6 billion for the last quarter […]

Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2023. The Group delivered a solid performance with sales up 6% at actual exchange rates and 12% at constant exchange rates. Sales and operating profit from continuing operations were of EUR 10.2 billion and EUR 2.7 billion, […]

Following 2022 with impressive growth for the industry (a record year for exports) for luxury groups involved in watchmaking and jewellery (LVMH, Swatch), indicators and analysts were not so confident regarding the outlook for 2023. Growing inflation, geo-political tensions and a potential economic contraction could have led to lower sales. However, following the announcement by […]