Richemont Reports Strong First Quarter 2026, Sales up by 20%

Richemont, the Swiss luxury powerhouse, has started its 2026 fiscal year on a strong note. For the first quarter ended 30 June 2026, the group reported revenues of EUR 6.3 billion, representing a 20% increase at constant exchange rates and a 17% rise at actual exchange rates compared with the same period last year. 

Summary:

• Group sales at EUR 6.3 billion, up by 20% at constant exchange rates (vs. EUR 5.4 billion for April-June 2025)
• Jewellery Maisons up by 24% at constant rates; Specialist Watchmakers up by 8%
• double-digit increases in the Americas, Asia Pacific, Japan and Europe, return to growth in the Middle East & Africa

These results were secured mostly thanks to the Jewellery Maisons (Cartier and Van Cleef & Arpels, in particular), with sales up 24% at EUR 4.732 billion, reinforcing jewellery as the group’s key growth engine. Following a period of pressure across the Swiss watch sector, Richemont’s Specialist Watchmakers are demonstrating encouraging signs with sales up 8% at EUR 873 million; the Group reports that “Sales rose across most Maisons, with Vacheron Constantin, Jaeger-Lecoultre and A. Lange & Söhne standing out”.

From a geographical perspective, Richemont’s business was on the rise in most regions, with all major markets contributing to growth. The Americas led the expansion with a 27% increase at constant rates, followed by Japan at +36%, Asia Pacific at +21%, and Europe at +11%. The Middle East & Africa region also posted growth, increasing by 3% despite the geopolitical context in the region. By distribution channel, Richemont continued to benefit from strong direct-to-client demand. Retail sales climbed 24% at constant exchange rates to represent 71% of the group’s business. Online retail increased 18%, and wholesale and royalty income grew 9%.

For more details, please visit richemont.com.