Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) Monday said its third-quarter sales increased 5 percent at constant exchange rates and was up 9 percent at actual rates. The company experienced solid growth in the Americas, but the growth rate was lower in other regions.
In a trading statement for the third quarter ended December 31, Richemont said its quarterly sales grew to 2.86 billion euros from 2.62 billion euros in the previous year.
In the Americas, sales climbed 18 percent to 452 million euros. At constant exchange rates, the increase was 13 percent, with solid demand.
In Europe, the company posted sales growth of 11 percent at actual exchange rates to 1.01 billion euros, while it rose 9 percent at constant exchange rates.
Richemont noted that its performance in Europe was satisfactory and growth in retail sales moderated during the quarter compared to the first six months of the financial year. Meanwhile, the trend seen in wholesale sales in the first six months continued, it added.
In Asia Pacific, sales improved 6 percent to 1.12 billion euros and Japan showed a 3 percent increase.
According to the company, retail outperformed wholesale, and sales jumped 13 percent to 1.55 billion euros. Wholesale sales increased 5 percent to 1.31 billion euros.
Business-wise, Jewellery Maisons sales grew 8 percent, and Specialist Watchmakers sales were up 13 percent from last year. Montblanc Maison sales and sales from other businesses increased 3 and 10 percent, respectively. Richemont stated that all business areas saw lower rates of growth compared to the first half of the year.
During the quarter, Richemont had strong jewellery sales and continued retail channel momentum, but was offset by a relatively weak wholesale channel, reflecting a cautious approach by the Group's retail partners in the watch business.
For the nine-month period, the company's sales climbed 17 percent and the sales growth was 9 percent at constant exchange rates. The weakening of the euro against the dollar, in particular, had a positive impact on its reported sales.
The company is scheduled to announce its results for the current financial year on May 16.
In Zurich, Richemont shares closed Friday's regular trading at 78.70 Swiss francs, down 2.24 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.