Compagnie Financière Richemont SA CFR.SW
Revenue accelerating Margin compressing Guidance raised strategy: Divestiture Net income turned positive ◦
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Richemont is a Geneva-based international luxury goods group that designs, manufactures, and retails high-end jewellery, timepieces, and fashion and accessories through a diversified portfolio of Maisons. The Group operates through three business areas: Jewellery Maisons (led by Cartier and Van Cleef & Arpels, which together generated EUR 16.5 billion or approximately 74% of FY2026 Group sales at a 30.5% operating margin), Specialist Watchmakers (IWC Schaffhausen, Jaeger-LeCoultre, A. Lange & Sohne, and peers, contributing EUR 3.1 billion), and Other (fashion houses including Alaïa and Chloé, leather goods, accessories, and the Watchfinder pre-owned watch platform, contributing EUR 2.7 billion). Revenue is primarily earned through 1,393 directly operated boutiques in key global luxury destinations, accounting for 71% of Group sales in FY2026, with direct-to-client sales reaching 77% of the total; the remainder flows through wholesale and franchise channels. The Group's earnings are driven by brand exclusivity, craftsmanship heritage, and pricing power in the ultra-luxury segment, supported by vertical integration in manufacturing and a sustained strategic shift toward higher-margin retail distribution.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Group sales rose 20% at constant exchange rates to €6,300 million in Q1 FY2026, driven by strong local demand across all regions. Jewellery Maisons posted 24% sales growth, marking the seventh consecutive quarter of double-digit expansion, while Specialist Watchmakers delivered 8% growth representing a notable sequential improvement. Retail sales grew 24% at constant rates and accounted for 71% of Group sales, with online retail up 18%. Net cash strengthened to €9.1 billion as of 30 June 2026. 40
Management commentary on the FY2026 results (IR-Annual, 2026-05-22):
„In a geopolitical environment that remains volatile, the Group records strong growth in its sales and solid results, reflecting the resilience of its business model, the strength of its Maisons, and the constant agility and creativity of its teams, combined with a balanced geographical presence.“ – Johann Rupert, Président du Conseil d'administration 36 (translation – original on hover)
Revenue · 2027-Q16,300€m+16.7 % vs. 2026-Q1
Revenue trend
Leverage
The Group's net cash position stood at €9.1 billion as of 30 June 2026. No net-debt/EBITDA ratio or gross debt figures are cited in the available inputs for this period. The balance reflects the Group's continued strong liquidity headroom at the close of the quarter. 40
Management viewThe Group extended its strategic shift toward direct retail distribution, with retail channels accounting for 71% of Group sales and growing 24% at constant exchange rates in the quarter. Online retail expanded 18%, reinforcing the multi-channel direct-to-client approach. No raised guidance or other specific forward strategic announcements are cited in the available inputs for this quarter. 40
ChangeThe disposal of the Group's Avolta stake generated a €0.4 billion cash inflow during the quarter. Specialist Watchmakers recorded 8% sales growth, representing sequential improvement, though the division's growth rate trailed the 24% advance posted by Jewellery Maisons. No further one-off items or segment discontinuations are cited in the available inputs for this quarter. 40
Risks (current)Retail stores remain heavily dependent on consumer travel, and a sustained decline in foot traffic could negatively impact sales and profitability; the Middle East conflict contributed to a significant drop in tourist spending during the quarter, partially offset by robust local demand. Volatile macroeconomic and geopolitical conditions are driving elevated raw material costs across the sector. The Gianvito Rossi CGU's recoverable value exceeded its carrying value by only €16 million, making the valuation sensitive to key assumption changes, and provisions for legal claims have been recognised, with outcomes not expected to result in material losses beyond amounts provided. 40 35
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Price & Chart#
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
Jewellery Maisons momentum
Jewellery Maisons is the largest revenue pillar and grew +24% to CHF 4,732m in 2027-Q1, far outpacing the other divisions and setting group direction 40
Jewellery Maisons is the largest revenue pillar and grew +24% to CHF 4,732m in 2027-Q1, far outpacing the other divisions and setting group direction 40
Jewellery Maisons (Cartier, Van Cleef & Arpels, Buccellati, Vhernier)
+24% to CHF 4,732m in 2027-Q1, the dominant and fastest-growing division; supported by new lines such as Van Cleef & Arpels Flowerlace and Cartier Love Unlimited 40 31
+24% to CHF 4,732m in 2027-Q1, the dominant and fastest-growing division; supported by new lines such as Van Cleef & Arpels Flowerlace and Cartier Love Unlimited 40 31
Specialist Watchmakers
+8% to CHF 873m in 2027-Q1, a more modest pace than jewellery; recent launches include IWC Ingenieur and Jaeger-LeCoultre Reverso Duoface 40 31
+8% to CHF 873m in 2027-Q1, a more modest pace than jewellery; recent launches include IWC Ingenieur and Jaeger-LeCoultre Reverso Duoface 40 31
Other segment (fashion & accessories: Chloé, Alaïa, Montblanc, Delvaux)
+9% to CHF 724m in 2027-Q1; expansion via Alaïa flagship/e-commerce and Chloé Paddington relaunch 40 38
+9% to CHF 724m in 2027-Q1; expansion via Alaïa flagship/e-commerce and Chloé Paddington relaunch 40 38
Regional demand mix
Middle East & Africa +20%, Japan +17% and Americas +14% in 2026-Q3 led growth, while Asia Pacific lagged at +6% 33
Middle East & Africa +20%, Japan +17% and Americas +14% in 2026-Q3 led growth, while Asia Pacific lagged at +6% 33
Retail (direct) channel
Retail +12% to CHF 4,601m in 2026-Q3 outgrew wholesale & royalty income at +9%, shifting the sales mix toward owned distribution 33
Retail +12% to CHF 4,601m in 2026-Q3 outgrew wholesale & royalty income at +9%, shifting the sales mix toward owned distribution 33
Portfolio and capital actions
Planned Baume & Mercier disposal to Damiani and prior bolt-on acquisitions (Vhernier), alongside a proposed CHF 3.30 ordinary plus CHF 1.00 special dividend 38
Planned Baume & Mercier disposal to Damiani and prior bolt-on acquisitions (Vhernier), alongside a proposed CHF 3.30 ordinary plus CHF 1.00 special dividend 38
Sector trend: Group revenue is accelerating, led by double-digit jewellery demand and a rising share of direct retail, while watch and fashion divisions grow in the mid-to-high single digits; no forward guidance was issued 40 33.
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2027 · 6 events
2027-Q1 · Apr – Jun 2026
„This performance continued to be driven by a clear long-term approach, centred on differentiation, strong brand identity and disciplined pricing.“ – Johann Rupert, Chairman 37
„In a persistently volatile geopolitical environment, the Group delivered strong growth and solid results, reflecting the resilience of its business model, the strength of its Maisons, the enduring agility and creativity of its teams and the benefits of its balanced regional footprint.“ – Johann Rupert, Chairman 35
Revenue accelerating 2026-07-15
Group sales +20% at constant exchange rates to €6.3 billion in Q1 FY2027, driven by strong local demand across all regions 40
Group sales +20% at constant exchange rates to €6.3 billion in Q1 FY2027, driven by strong local demand across all regions 40
Revenue accelerating 2026-07-15
Jewellery Maisons posted 24% sales growth, seventh consecutive quarter of double-digit growth 40
Jewellery Maisons posted 24% sales growth, seventh consecutive quarter of double-digit growth 40
Divestiture 2026-07-15
Net cash position strengthened to €9.1 billion as of 30 June 2026, including €0.4 billion cash inflow from Avolta stake disposal 40
Net cash position strengthened to €9.1 billion as of 30 June 2026, including €0.4 billion cash inflow from Avolta stake disposal 40
Net income turned positive ◦ 2026-05-22
Full-year profit rose 27% to €3.5 billion; partly reflects non-recurrence of prior-year €1.0 billion YNAP write-down 37
Full-year profit rose 27% to €3.5 billion; partly reflects non-recurrence of prior-year €1.0 billion YNAP write-down 37
Guidance raised 2026-05-22
Board proposed ordinary dividend of CHF 3.30 per 'A' share/10 'B' shares, up 10% versus prior year, plus special dividend of CHF 1.00 per share 37
Board proposed ordinary dividend of CHF 3.30 per 'A' share/10 'B' shares, up 10% versus prior year, plus special dividend of CHF 1.00 per share 37
Margin compressing 2026-05-21
Full-year gross margin declined to 64.4% from 66.9% due to adverse FX movements, higher raw material costs, and additional US customs duties 35
Full-year gross margin declined to 64.4% from 66.9% due to adverse FX movements, higher raw material costs, and additional US customs duties 35
2026 · 10 events
2026-Q4 · Jan – Mar 2026
„In a geopolitical environment that remains volatile, the Group records strong growth in its sales and solid results, reflecting the resilience of its business model, the strength of its Maisons, and the constant agility and creativity of its teams, combined with a balanced geographical presence.“ – Johann Rupert, Président du Conseil d'administration 36 (translation – original on hover)
revenue 2026-05-22
Q4 sales grew 13% at constant rates; full-year sales reached €22.4 billion (+11% at constant rates) with growth across all business areas, regions and channels 36
Q4 sales grew 13% at constant rates; full-year sales reached €22.4 billion (+11% at constant rates) with growth across all business areas, regions and channels 36
Divestiture 2026-05-22
Richemont and Damiani Group announced agreement for Damiani to acquire full ownership of Baume & Mercier; closing expected summer 2026 37
Richemont and Damiani Group announced agreement for Damiani to acquire full ownership of Baume & Mercier; closing expected summer 2026 37
2026-Q3 · Oct – Dec 2025
revenue 2026-01-15
Q3 sales grew 11% at constant rates to €6.4 billion; Jewellery Maisons delivered 14% growth against demanding +14% prior-year comparison 33
Q3 sales grew 11% at constant rates to €6.4 billion; Jewellery Maisons delivered 14% growth against demanding +14% prior-year comparison 33
revenue 2026-01-15
Specialist Watchmakers posted second consecutive positive quarter with +7% growth at constant rates 33
Specialist Watchmakers posted second consecutive positive quarter with +7% growth at constant rates 33
2026-Q2 · Jul – Sep 2025
„Our Jewellery Maisons continued to excel, and we saw some encouraging signs at several Specialist Watchmakers and Fashion & Accessories Maisons.“ – Johann Rupert, Chairman 31
„The Group's multiple growth engines. All business areas were positive in Q2 at constant exchange rates.“ – Johann Rupert, Chairman 34
Operating income turned positive ◦ 2025-11-14
H1 operating profit grew 24% at constant rates to €2.4 billion, representing a 22.2% operating margin 31
H1 operating profit grew 24% at constant rates to €2.4 billion, representing a 22.2% operating margin 31
Revenue accelerating 2025-11-14
H1 sales reached €10.6 billion (+10% at constant rates); Q2 accelerated to +14% at constant rates with all regions posting double-digit growth 34
H1 sales reached €10.6 billion (+10% at constant rates); Q2 accelerated to +14% at constant rates with all regions posting double-digit growth 34
Margin compressing 2025-11-14
H1 gross margin declined 190 basis points to 65.3% due to adverse FX movements, higher gold prices, and additional US tariffs 34
H1 gross margin declined 190 basis points to 65.3% due to adverse FX movements, higher gold prices, and additional US tariffs 34
2026-Q1 · Apr – Jun 2025
revenue 2025-07-16
Group Q1 sales grew 6% at constant rates to €5.4 billion; Jewellery Maisons posted third consecutive double-digit quarter at +11% 22
Group Q1 sales grew 6% at constant rates to €5.4 billion; Jewellery Maisons posted third consecutive double-digit quarter at +11% 22
Divestiture 2025-07-16
YNAP sold to Mytheresa, transaction completed April 2025; net cash position strengthened to €7.4 billion 22
YNAP sold to Mytheresa, transaction completed April 2025; net cash position strengthened to €7.4 billion 22
2025 · 11 events
2025-Q4 · Jan – Mar 2025
„Richemont has solid foundations for sustained value creation over time, built upon our leading Maisons' unique heritage and innovative craftsmanship, coupled with an increasingly balanced and tailored regional presence that allows us to better connect with and enchant clients.“ – Johann Rupert, Chairman 28
„Richemont delivered a robust performance for the financial year ended 31 March 2025. In a persistently uncertain macroeconomic and geopolitical environment, we maintained our focus on nurturing Maisons' current and future growth, investing in our distribution network, manufacturing assets and quality craftsmanship.“ – Johann Rupert, Chairman 29
revenue 2025-05-16
Specialist Watchmakers sales declined 13% for the full year, with Asia Pacific down 27% due to China weakness; operating result fell 69% to €175 million at a 5.3% margin 28
Specialist Watchmakers sales declined 13% for the full year, with Asia Pacific down 27% due to China weakness; operating result fell 69% to €175 million at a 5.3% margin 28
Divestiture 2025-05-16
YOOX NET-A-PORTER sale to Mytheresa closed 23 April 2025 following antitrust approvals; Richemont retained 33% stake in LuxExperience B.V. with initial value of €344 million 28
YOOX NET-A-PORTER sale to Mytheresa closed 23 April 2025 following antitrust approvals; Richemont retained 33% stake in LuxExperience B.V. with initial value of €344 million 28
Margin compressing 2025-05-15
FY2025 gross margin declined 120 basis points to 66.9% and operating margin contracted 240 basis points to 20.9%, driven by higher gold costs and unfavourable exchange rates 29
FY2025 gross margin declined 120 basis points to 66.9% and operating margin contracted 240 basis points to 20.9%, driven by higher gold costs and unfavourable exchange rates 29
2025-Q3 · Oct – Dec 2024
„I have every confidence that Cartier will continue to thrive under his leadership“ – Johann Rupert, Chairman 25
Revenue accelerating 2025-01-16
Q3 sales reached a record €6.2 billion, +10% at constant and actual exchange rates; Jewellery Maisons accelerated to +14% growth; Specialist Watchmakers improved from -16% in H1 to -8% 26
Q3 sales reached a record €6.2 billion, +10% at constant and actual exchange rates; Jewellery Maisons accelerated to +14% growth; Specialist Watchmakers improved from -16% in H1 to -8% 26
Divestiture 2024-10-07
Binding agreement entered to sell 100% of YOOX NET-A-PORTER to Mytheresa for 33% of Mytheresa's fully diluted share capital; YNAP classified as discontinued operations 25
Binding agreement entered to sell 100% of YOOX NET-A-PORTER to Mytheresa for 33% of Mytheresa's fully diluted share capital; YNAP classified as discontinued operations 25
2025-Q2 · Jul – Sep 2024
„In the first half of this fiscal year, we continued to deliver sustained resilience in a world where uncertainty has become the norm.“ – Johann Rupert, Chairman 24
Net cash to net debt 2026-01-15
Net debt position flipped (-7,300.0 to +2,758.0 EURm vs 2025-Q1). 134
Net debt position flipped (-7,300.0 to +2,758.0 EURm vs 2025-Q1). 134
Revenue decelerating 2024-11-08
H1 Asia Pacific sales declined 19%; China, Hong Kong and Macau combined declined 27% on demanding prior-year comparison 24
H1 Asia Pacific sales declined 19%; China, Hong Kong and Macau combined declined 27% on demanding prior-year comparison 24
Margin compressing 2024-11-08
H1 gross margin declined 100 basis points to 67.2% due to higher raw material costs, notably gold, partially offset by price increases 24
H1 gross margin declined 100 basis points to 67.2% due to higher raw material costs, notably gold, partially offset by price increases 24
Acquisition 2024-11-08
Vhernier, Italian jewellery Maison, acquired for €118 million net consideration and added to the Jewellery Maisons portfolio 24
Vhernier, Italian jewellery Maison, acquired for €118 million net consideration and added to the Jewellery Maisons portfolio 24
2025-Q1 · Apr – Jun 2024
Strategic pivot 2024-11-08
Nicolas Bos appointed Group CEO on 1 June 2024; Louis Ferla became President and CEO of Cartier; Catherine Rénier succeeded as CEO of Van Cleef & Arpels 24
Nicolas Bos appointed Group CEO on 1 June 2024; Louis Ferla became President and CEO of Cartier; Catherine Rénier succeeded as CEO of Van Cleef & Arpels 24
Revenue decelerating 2024-07-16
Group sales +1% at constant exchange rates amid challenging year-prior comparatives; Jewellery Maisons grew mid-single digit while Specialist Watchmakers declined 13% due to Asia Pacific weakness 15
Group sales +1% at constant exchange rates amid challenging year-prior comparatives; Jewellery Maisons grew mid-single digit while Specialist Watchmakers declined 13% due to Asia Pacific weakness 15
2024 · 13 events
FY2024 · Apr 2023 – Mar 2024
„We always strive to create goodwill rather than buy goodwill.“ – Johann Rupert, Chairman 21
2024-Q4 · Jan – Mar 2024
„We focus constantly on creating value rather than acquiring it.“ – Johann Rupert, Président du Conseil d'Administration 19 (translation – original on hover)
„We always strive to create goodwill rather than buy goodwill and, in this vein, I am pleased to report the four- and-a-half-fold increase in sales at Buccellati since acquisition in 2019.“ – Johann Rupert, Chairman 20
Operating income turned negative ◦ 2024-05-17
Full-year operating profit from continuing operations decreased 5% at actual exchange rates to €4.8 billion, with operating margin contracting 190 basis points to 23.3% due to adverse currency movements; at constant exchange rates operating profit grew 13% 19
Full-year operating profit from continuing operations decreased 5% at actual exchange rates to €4.8 billion, with operating margin contracting 190 basis points to 23.3% due to adverse currency movements; at constant exchange rates operating profit grew 13% 19
Strategic pivot 2024-05-17
YOOX NET-A-PORTER sale agreements with Farfetch and Symphony Global terminated December 2023; €1.3 billion non-cash write-down recognized on discontinued assets; Nicolas Bos appointed Chief Executive Officer effective 1 June 2024 20
YOOX NET-A-PORTER sale agreements with Farfetch and Symphony Global terminated December 2023; €1.3 billion non-cash write-down recognized on discontinued assets; Nicolas Bos appointed Chief Executive Officer effective 1 June 2024 20
Acquisition 2024-05-17
70% stake in Gianvito Rossi completed 31 January 2024 for €265 million; agreement to acquire 100% of Vhernier, Italian jewellery Maison, announced 7 May 2024 20
70% stake in Gianvito Rossi completed 31 January 2024 for €265 million; agreement to acquire 100% of Vhernier, Italian jewellery Maison, announced 7 May 2024 20
2024-Q3 · Oct – Dec 2023
revenue 2024-01-18
Q3 sales rose 8% at constant exchange rates (5% actual) to €5.6 billion, moderating from H1's 12% constant-rate pace; Jewellery Maisons led at +12% constant while online retail declined 5% at constant rates 11
Q3 sales rose 8% at constant exchange rates (5% actual) to €5.6 billion, moderating from H1's 12% constant-rate pace; Jewellery Maisons led at +12% constant while online retail declined 5% at constant rates 11
Operating income turned positive ◦ 2023-05-11
Operating profit from continuing operations rose 34% to a record €5,031 million with operating margin expanding 280 basis points to 25.2%; Fashion & Accessories Maisons returned to operating profit of €94 million after prior-year loss 10
Operating profit from continuing operations rose 34% to a record €5,031 million with operating margin expanding 280 basis points to 25.2%; Fashion & Accessories Maisons returned to operating profit of €94 million after prior-year loss 10
Revenue accelerating 2023-05-11
Full-year sales from continuing operations reached an all-time high of €19,953 million (+19% at actual rates, +14% at constant rates); all business areas delivered double-digit growth; Jewellery Maisons €13.4 billion, Specialist Watchmakers €3.9 billion 10
Full-year sales from continuing operations reached an all-time high of €19,953 million (+19% at actual rates, +14% at constant rates); all business areas delivered double-digit growth; Jewellery Maisons €13.4 billion, Specialist Watchmakers €3.9 billion 10
Divestiture 2023-05-11
Binding agreement reached for Farfetch and Alabbar to acquire controlling interest in YOOX NET-A-PORTER; Richemont to retain 49.3% holding and receive Farfetch shares plus US$250 million; YNAP write-down totalled €3,444 million 10
Binding agreement reached for Farfetch and Alabbar to acquire controlling interest in YOOX NET-A-PORTER; Richemont to retain 49.3% holding and receive Farfetch shares plus US$250 million; YNAP write-down totalled €3,444 million 10
2024-Q2 · Jul – Sep 2023
„I am truly delighted to see that our shareholders will be rewarded for their patience and trust in Richemont, as long as our share price remains above the exercise price of CHF 67 by 20 November 2023, and hope that they take up the offer before the deadline.“ – Johann Rupert, Chairman 14
Revenue decelerating 2023-11-10
H1 sales from continuing operations +6% at actual exchange rates (+12% at constant rates), decelerating from Q1's 14% actual-rate pace; Specialist Watchmakers sales declined 3% with 19.7% operating margin 14
H1 sales from continuing operations +6% at actual exchange rates (+12% at constant rates), decelerating from Q1's 14% actual-rate pace; Specialist Watchmakers sales declined 3% with 19.7% operating margin 14
Divestiture 2023-11-10
All regulatory authorities cleared Farfetch acquisition of 47.5% stake in YOOX NET-A-PORTER; Richemont to retain 49.3% holding and receive Farfetch shares plus US$250 million within five years 14
All regulatory authorities cleared Farfetch acquisition of 47.5% stake in YOOX NET-A-PORTER; Richemont to retain 49.3% holding and receive Farfetch shares plus US$250 million within five years 14
Acquisition 2023-11-10
Agreement signed to acquire controlling stake in Gianvito Rossi, Italian luxury shoemaker, with completion expected before 31 March 2024 14
Agreement signed to acquire controlling stake in Gianvito Rossi, Italian luxury shoemaker, with completion expected before 31 March 2024 14
2024-Q1 · Apr – Jun 2023
revenue 2023-07-17
Q1 sales grew 14% at actual exchange rates (19% at constant rates), with Asia Pacific rebounding 40% driven by reopening of mainland China, Hong Kong SAR and Macau SAR 17
Q1 sales grew 14% at actual exchange rates (19% at constant rates), with Asia Pacific rebounding 40% driven by reopening of mainland China, Hong Kong SAR and Macau SAR 17
Strategic pivot 2023-07-17
YOOX NET-A-PORTER reclassified and presented as discontinued operations, recording an 8% sales reduction at constant exchange rates 17
YOOX NET-A-PORTER reclassified and presented as discontinued operations, recording an 8% sales reduction at constant exchange rates 17
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Key Figures (€m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue (€m) · annual basis, as reported
Net income (€m) · annual basis, as reported
EPS (€) · annual basis, as reported
Operating cash flow (€m) · annual basis, as reported
Revenue (€m) · half-year basis, as reported
Net income (€m) · half-year basis, as reported
EPS (€) · half-year basis, as reported
Operating cash flow (€m) · half-year basis, as reported
Revenue (€m) · quarterly basis, as reported
Cash (€m) · annual basis, as reported
Debt (€m) · annual basis, as reported
Net Debt (€m) · annual basis, as reported
Capex (€m) · annual basis, as reported
FCF (€m) · annual basis, as reported
Cash (€m) · half-year basis, as reported
Debt (€m) · half-year basis, as reported
Net Debt (€m) · half-year basis, as reported
Capex (€m) · half-year basis, as reported
FCF (€m) · half-year basis, as reported
Cash (€m) · quarterly basis, as reported
Debt (€m) · quarterly basis, as reported
Net Debt (€m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2022 is on record.
Fiscal years
Amounts in €m · EPS in € per share · as reported
| Period | Calendar quarter | Revenue | Op. income | Net income | EPS (€) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | Q2/2025–Q1/2026 | 22,420 | 4,492 | 3,484 | 5.91 | 4,880 | 138 |
| FY2025 | Q2/2024–Q1/2025 | 21,399 | 4,467 | 2,751 | 4.67 | 4,443 | 138 |
| FY2024 | Q2/2023–Q1/2024 | 20,616 | 4,794 | 2,362 | 4.08 | 4,696 | 138 |
Half-years
Amounts in €m · EPS in € per share · as reported
| Period | Calendar quarter | Published | Revenue | Op. income | Net income | EPS (€) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-H2* | Q4/2025–Q1/2026 | 2026-05-22 | 11,801 | 2,134 | 1,671 | 2.83* | 2,416 | 4,273 | -8,496~ | 135 |
| 2026-H1* | Q2–Q3/2025 | 2025-11-14 | 10,619 | 2,358 | 1,813 | 3.08 | 1,502 | 3,116 | -6,519 | 131 |
| 2025-H2* | Q4/2024–Q1/2025 | 2025-05-16 | 11,322 | 2,261 | 2,294 | – | 2,489 | 5,293 | 696 | 135 |
| 2025-H1* | Q2–Q3/2024 | 2024-11-08 | 10,077 | 2,206 | 457 | 0.78 | 914 | 3,229 | 2,758 | 131 |
| 2024-H2* | Q4/2023–Q1/2024 | 2024-05-17 | 10,395 | 2,139 | 857 | – | 2,466 | 4,906 | -5,785~ | 29 |
| 2024-H2* | Q4/2023–Q1/2024 | 2024-01-18 | 10,395 | 2,139 | 857 | – | 2,466 | 4,906 | -5,785~ | 29 |
| 2024-H1* | Q2–Q3/2023 | 2023-11-10 | 10,221 | 2,655 | 1,505 | 2.60 | 1,359 | 3,234 | -5,785 | 125 |
Quarters
Amounts in €m · as reported
| Period | Calendar quarter | Published | Revenue | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|
| 2027-Q1 | Q2/2026 | 2026-07-15 | 6,300 | – | – | 40 |
| 2026-Q4* | Q1/2026 | 2026-05-22 | 5,402 | 4,273 | -8,496~ | 135 |
| 2026-Q3 | Q4/2025 | 2026-01-15 | 6,399 | – | -7,600 | 133 |
| 2026-Q2* | Q3/2025 | 2025-11-14 | 5,219 | 3,116 | -6,519 | 31 |
| 2026-Q1 | Q2/2025 | 2025-07-16 | 5,400 | – | -7,400 | 22 |
| 2025-Q4* | Q1/2025 | 2025-05-16 | 5,172 | 5,293 | 696 | 135 |
| 2025-Q3 | Q4/2024 | 2026-01-15 | 6,150 | – | – | 133 |
| 2025-Q2* | Q3/2024 | 2026-01-15 | 4,809 | 3,229 | 2,758 | 33 |
| 2025-Q1 | Q2/2024 | 2026-01-15 | 5,268 | – | -7,300 | 33 |
| 2024-Q4* | Q1/2024 | 2024-05-17 | 4,802 | 4,906 | -5,785~ | 29 |
| 2024-Q3 | Q4/2023 | 2026-01-15 | 5,593 | – | -6,800 | 33 |
| 2024-Q2* | Q3/2023 | 2026-01-15 | 4,899 | 3,234 | -5,785 | 33 |
| 2024-Q1 | Q2/2023 | 2023-07-17 | 5,322 | – | -6,600 | 17 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Net income: the series shows profit attributable to shareholders of the parent; individual cells show total profit including minority interests (hover).
The publication date of individual rows is a publisher placeholder (not the actual publication date).
Columns not reported in this reporting cadence are hidden: Op. income, Op. income (adj.), EBITDA (adj.), Net income, EPS, EPS adj., FCF, Net Debt/EBITDA (not reported in any source for these periods).
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Balance Sheet & Cash Flow (€m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in €m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2026 | Q2/2025–Q1/2026 | 2026-05-22 | 4,273 | 4,490 | -8,496~ | 4,880 | 962 | 3,918 | 138 |
| FY2025 | Q2/2024–Q1/2025 | 2025-05-16 | 5,293 | 5,989 | 696 | 4,443 | 1,040 | 3,403 | 138 |
| FY2024 | Q2/2023–Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 4,696 | 873 | 3,823 | 138 |
Half-years
Amounts in €m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-H2 | Q4/2025–Q1/2026 | 2026-05-22 | 4,273 | 4,490 | -8,496~ | 3,026 | 610 | 2,416 | 135 |
| 2026-H1 | Q2–Q3/2025 | 2025-11-14 | 3,116 | 5,988 | -6,519 | 1,854 | 352 | 1,502 | 131 |
| 2025-H2 | Q4/2024–Q1/2025 | 2025-05-16 | 5,293 | 5,989 | 696 | 3,194 | 705 | 2,489 | 135 |
| 2025-H1 | Q2–Q3/2024 | 2024-11-08 | 3,229 | 5,987 | 2,758 | 1,249 | 335 | 914 | 131 |
| 2024-H2 | Q4/2023–Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 3,030 | 564 | 2,466 | 29 |
| 2024-H1 | Q2–Q3/2023 | 2023-11-10 | 3,234 | – | -5,785 | 1,666 | 307 | 1,359 | 125 |
Quarters
Amounts in €m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | Source |
|---|---|---|---|---|---|---|
| 2026-Q4 | Q1/2026 | 2026-05-22 | 4,273 | 4,490 | -8,496~ | 135 |
| 2026-Q3 | Q4/2025 | 2026-01-15 | – | – | -7,600 | 133 |
| 2026-Q2 | Q3/2025 | 2025-11-14 | 3,116 | 5,988 | -6,519 | 31 |
| 2026-Q1 | Q2/2025 | 2025-07-16 | – | – | -7,400 | 22 |
| 2025-Q4 | Q1/2025 | 2025-05-16 | 5,293 | 5,989 | 696 | 135 |
| 2025-Q2 | Q3/2024 | 2026-01-15 | 3,229 | 5,987 | 2,758 | 33 |
| 2025-Q1 | Q2/2024 | 2026-01-15 | – | – | -7,300 | 33 |
| 2024-Q4 | Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 29 |
| 2024-Q3 | Q4/2023 | 2026-01-15 | – | – | -6,800 | 33 |
| 2024-Q2 | Q3/2023 | 2026-01-15 | 3,234 | – | -5,785 | 33 |
| 2024-Q1 | Q2/2023 | 2023-07-17 | – | – | -6,600 | 17 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
The publication date of individual rows is a publisher placeholder (not the actual publication date).
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Revenue by Type (as of 2027-Q1 · EURm · 19/28)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|---|---|
| Jewellery Maisons | 2023-H1 | 2027-Q1 | 3M | 4,732 | 24% | – | 40 |
| Specialist Watchmakers | 2023-H1 | 2027-Q1 | 3M | 873 | 8% | – | 40 |
| Other | 2023-H1 | 2027-Q1 | 3M | 724 | 9% | – | 40 |
| Watches | FY2026 | FY2026 | 12M | 6,815 | – | – | 38 |
| Other Maisons | FY2026 | FY2026 | 12M | 2,732 | – | – | 35 |
| Leather goods and accessories | FY2026 | FY2026 | 12M | 1,088 | – | – | 38 |
| Non-controlling interests in subsidiaries | FY2026 | FY2026 | 12M | 405 | – | – | 35 |
| Other | 2025-H1 | FY2026 | 12M | 2.7 | -2% | -3% | 36 |
| Jewellery Maisons | FY2024 | FY2026 | 12M | 16.5 | 8% | 30% | 36 |
| Wholesale and royalty income | 2024-Q3 | 2026-Q3 | 3M | 1,385 | 9% | – | 33 |
| Watchmaking Maisons | 2024-H1 | FY2026 | 12M | 3.1 | -4% | 3% | 36 |
| Retail | 2023-Q3 | 2026-Q3 | 3M | 4,601 | 12% | – | 33 |
| Asia Pacific | 2023-Q3 | 2026-Q3 | 3M | 1,870 | 6% | – | 33 |
| Americas | 2023-Q3 | 2026-Q3 | 3M | 1,740 | 14% | – | 33 |
| Europe | 2023-Q3 | 2026-Q3 | 3M | 1,550 | 8% | – | 33 |
| Japan | 2023-Q3 | 2026-Q3 | 3M | 632 | 17% | – | 33 |
| Middle East & Africa | 2023-Q3 | 2026-Q3 | 3M | 607 | 20% | – | 33 |
| Online retail | 2023-Q3 | 2026-Q3 | 3M | 413 | 5% | – | 33 |
| Other business area | – | FY2026 | – | – | – | – | 38 |
| Rest of the world | FY2025 | FY2025 | 12M | 29,480 | – | – | 29 |
| Switzerland | FY2025 | FY2025 | 12M | 9,416 | – | – | 29 |
| Other Businesses | FY2025 | FY2025 | 12M | 2,788 | 7% | – | 29 |
| Vacheron Constantin | FY2025 | FY2025 | 12M | 2,607 | – | – | 29 |
| Watchfinder&Co. | FY2025 | FY2025 | 12M | 2,170 | – | – | 29 |
| Haute Horlogerie Maisons | FY2025 | FY2025 | 12M | 3.3 | -13% | 5% | 30 |
| Maisons joaillères | 2024-H1 | 2024-H1 | 6M | 2,500 | 10% | 35% | 13 |
| Online Distributors | FY2023 | FY2024 | 12M | 2,607 | – | – | 21 |
| Wholesale & royalty income | 2023-Q3 | 2023-Q3 | 9M | 1,294 | 1% | – | 9 |
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Products & M&A (71/233 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| Proposed ordinary dividend of CHF 3.30 per share and special dividend of CHF 1.00 per share | 2026-09 | Launched | 38 |
| Homo Faber Biennial returning to Fondazione Giorgio Cini, Venice in September 2026 | 2026-09 | Launched | 38 |
| Serapian one-year anniversary celebration of Tokyo flagship boutique | 2026-06 | Launched | 38 |
| Serapian unveiling new boutique in Rome on Via del Babuino | 2026-04 | Launched | 38 |
| Serapian participation in Milan Design Week with decorative screen by Bethan Laura Wood | 2026-04 | Launched | 38 |
| Homo Faber Fellowship 2024/25 final exhibition presented at Milan Design Week in April 2026 | 2026-04 | Launched | 38 |
| 150 artisans across US and Canada to join Homo Faber Guide in spring 2026 | 2026-04 | Launched | 38 |
| dunhill Spring/Summer 2026 show at Museo Poldi Pezzoli private gardens Milan | 2026-03 | Launched | 38 |
| dunhill planned boutique openings on New Bond Street London and Madison Avenue New York | 2026 | Planned | 38 |
| dunhill opening in Dubai Mall and refurbishments in China and Japan | 2026 | Launched | 38 |
| Watchfinder refurbishment of The Royal Exchange boutique in London | 2026 | Launched | 38 |
| Watchfinder opening first US boutique in SoHo New York | 2026 | Launched | 38 |
| Watchfinder opening boutique at La Vallée Village outside Paris | 2026 | Launched | 38 |
| Vhernier, Panerai and Buccellati openings in Mall of the Emirates Dubai | 2026 | Launched | 38 |
| Vhernier new atelier construction in Valenza | 2026 | Launched | 38 |
| Vhernier boutique at Peninsula Hong Kong (first in Asia) (3x) | 2026 | Launched | 38 |
| Van Cleef & Arpels reopening K11 MUSEA boutique after major renovations and expansion to duplex space | 2026 | Launched | 38 |
| Van Cleef & Arpels opening in The Hyundai Seoul (2x) | 2026 | Launched | 38 |
| Van Cleef & Arpels flagship relocation in Tokyo Ginza | 2026 | Launched | 38 |
| Van Cleef & Arpels boutique expansions in Europe, Middle East and Asia | 2026 | Launched | 38 |
| Van Cleef & Arpels Alhambra novelties, Flowerlace and Fleurs d'Hawaï jewellery lines | 2026 | Launched | 38 |
| Piaget flagship renovation on Place Vendôme, Paris (2x) | 2026 | Launched | 38 |
| Piaget flagship expansion in Paris (2x) | 2026 | Launched | 38 |
| Peter Millar partnership with National Football League | 2026 | Launched | 38 |
| Peter Millar opening boutiques in San Diego and Columbus Ohio | 2026 | Launched | 38 |
| Peter Millar expansion into broader lifestyle proposition | 2026 | Launched | 38 |
| Peter Millar 25th anniversary celebration in 2026 | 2026 | Launched | 38 |
| Multiple Maison flagship store openings and renovations | 2026 | Launched | 38 |
| Montblanc transformation with focus on writing instruments and brand initiatives | 2026 | Launched | 38 |
| Montblanc second short film with Wes Anderson titled 'Let's Write' | 2026 | Launched | 38 |
| Montblanc flagship in Sydney (2x) | 2026 | Launched | 38 |
| Montblanc boutique openings at Marina Bay Sands Singapore, Riyadh, Sydney and Guadalajara | 2026 | Launched | 38 |
| Montblanc Meisterstuck Around the World in 80 Days Third Edition | 2026 | Launched | 38 |
| Montblanc High Artistry: A Journey through the Chateau de Versailles limited-edition collection | 2026 | Launched | 38 |
| James Purdey & Sons launch of innovative Purdey Bolt-Action Rifle | 2026 | Launched | 38 |
| James Purdey & Sons introduction of exclusive Tom Purdey Tweed | 2026 | Launched | 38 |
| Jaeger-LeCoultre boutique renovation in Costa Mesa | 2026 | Launched | 38 |
| Ikebukuro Seibu Japan redevelopment with openings for multiple Maisons | 2026 | Launched | 38 |
| IWC Pilot's Watches partnership with Vast space station | 2026 | Launched | 38 |
| Gianvito Rossi introduction of Sofia heel designed by Creative Director Gianvito Rossi and named after his daughter | 2026 | Launched | 38 |
| Gianvito Rossi 20th anniversary celebration in Autumn 2026 | 2026 | Launched | 38 |
| G/FORE openings at Ginza Six Tokyo and Plaza 66 Shanghai | 2026 | Launched | 38 |
| G/FORE launch of MG4+ O2 shoe in spiked and spikeless versions | 2026 | Launched | 38 |
| Delvaux Le Brillant Tempo bag launch | 2026 | Launched | 38 |
| Chloe opening of seven new boutiques globally including Saint-Tropez resort location and Sydney store | 2026 | Launched | 38 |
| Chloe first boutique in Australia | 2026 | Launched | 38 |
| Chloé High Summer Collection | 2026 | Launched | 38 |
| Cartier relocation in Royal Poinciana Palm Beach Florida | 2026 | Launched | 38 |
| Cartier opening in Sommerset Mall Troy Michigan | 2026 | Launched | 38 |
| Cartier opening in Shinsegae Main Seoul | 2026 | Launched | 38 |
| Cartier flagship renovation in Miami Design District (2×) | 2026 | Launched | 38 |
| Cartier Love Unlimited pieces, Clash coloured additions, new Panthère and Santos watch creations | 2026 | Launched | 38 |
| Cartier La Villa project launching in Dubai | 2026 | Launched | 38 |
| Buccellati relocation in Chengdu IFS from third floor to ground floor | 2026 | Launched | 38 |
| Buccellati opening new boutique in Galaxy Macau SAR China | 2026 | Launched | 38 |
| Buccellati opening in Shinsegae Centum | 2026 | Launched | 38 |
| Buccellati flagship boutique expansion in Hong Kong | 2026 | Launched | 38 |
| Buccellati Etoilée line coloured pieces and haute couture bejewelled bags | 2026 | Launched | 38 |
| Baume & Mercier Joia de Baume & Mercier collection launch for women | 2026 | Launched | 38 |
| Alaïa flagship openings planned in Miami and Los Angeles | 2026 | Planned | 38 |
| Alaïa Winter Spring 25 show and Summer Fall 25 Archetypes collections | 2026 | Launched | 38 |
| A. Lange & Söhne relocation and expansion in Shanghai Nanjing West Road | 2026 | Launched | 38 |
| A. Lange & Söhne opening on Bond Street London (3×) | 2026 | Launched | 38 |
| A. Lange & Söhne 1815 Tourbillon | 2026 | Launched | 38 |
| Vacheron Constantin 270th anniversary celebrations (3x) | 2025 | Launched | 38 |
| Alaia boutique in Beijing Sanlitun (4x) | 2025 | Launched | 38 |
| Opening of IWC flagship on Madison Avenue, New York (3x) | 2024 | Launched | 38 |
| dunhill new leather collection launched (2x) | 2023 | Launched | 38 |
| Jaeger-LeCoultre Reverso Tribute models (3x) | 2023 | Launched | 38 |
| IWC Paris flagship opening (7x) | 2023 | Launched | 38 |
| Piaget Polo 79 (2×) | 2022 | Launched | 38 |
| Alaïa new e-commerce platform launch | 2025-11 | Launched | 38 |
| KPMG SA appointment as auditor | 2025-09 | Launched | 34 |
| Homo Faber Capsule exhibition held in Seville, Spain in September 2025 | 2025-09 | Launched | 38 |
| Cartier new branding campaign and Love Unlimited line | 2025-09 | Launched | 31 |
| Van Cleef & Arpels l'Ile au Tresor high jewellery line | 2025-06 | Launched | 34 |
| Cartier En Equilibre high jewellery line | 2025-06 | Launched | 34 |
| LuxExperience listing | 2025-05 | Launched | 30 |
| EUR 100 million six-year revolving credit facility provided to YNAP | 2025-04 | Launched | 31 |
| G/FORE elevated to distinct Maison status | 2025-02 | Launched | 29 |
| Van Cleef & Arpels relocation Zurich (12x) | 2025 | Launched | 34 |
| Vacheron Constantin Munich boutique opening (2x) | 2025 | Launched | 24 |
| Vacheron Constantin Historiques 222 steel model reintroduction | 2025 | Launched | 29 |
| Vacheron Constantin 270th Anniversary celebration and La Quete du Temps timepiece display at the Louvre | 2025 | Launched | 31 |
| Vacheron Constantin 1755 flagship relocation in Cheongdam (2x) | 2025 | Launched | 34 |
| Roger Dubuis Geneva Lounge re-opening at Place du Molard | 2025 | Launched | 38 |
| Roger Dubuis 30th anniversary of Tourbillon | 2025 | Launched | 29 |
| Purdey Royal Berkshire Shooting School refurbishment (2x) | 2025 | Launched | 38 |
| Piaget Sixtie jewellery watch | 2025 | Launched | 31 |
| Panerai 'The Depths of Time' exhibition in Florence, NYC, Miami, Shanghai | 2025 | Launched | 38 |
| Montblanc store at Mall of the Emirates internalization (2x) | 2025 | Launched | 34 |
| Montblanc Chengdu flagship opening | 2025 | Launched | 28 |
| Jewellery Maisons store openings including Dubai Mall and South Coast Plaza at Cartier, Madison Avenue at Van Cleef & Arpels, Amsterdam at Van Cleef & Arpels, and Riyadh flagship at Buccellati | 2025 | Launched | 29 |
| Jaeger-LeCoultre new flagship boutiques in Boston, Kuala Lumpur, Melbourne | 2025 | Launched | 38 |
| Jaeger-LeCoultre Reverso Duoface Small Seconds | 2025 | Launched | 31 |
| Jaeger-LeCoultre Kuala Lumpur Pavilion boutique major renovation (2x) | 2025 | Launched | 34 |
| Jaeger-LeCoultre Duometre Quantieme Lunaire launch | 2025 | Launched | 28 |
| IWC Taichung boutique opening (2x) | 2025 | Launched | 34 |
| Homo Faber Fellowship programme second edition | 2025 | Launched | 29 |
| G/FORE New York store opening (2x) | 2025 | Launched | 21 |
| Chloe Saint-Tropez boutique opening (3x) | 2025 | Launched | 34 |
| Chloe Paddington bag relaunch | 2025 | Launched | 38 |
| Cartier on Collins Street boutique renovation (2x) | 2025 | Launched | 34 |
| Cartier Trinity collection centennial anniversary | 2025 | Launched | 29 |
| Cartier South Coast Plaza re-opening | 2025 | Launched | 28 |
| Cartier Love hinge collection launch (3x) | 2025 | Launched | 38 |
| Cartier Dubai Mall store re-opening | 2025 | Launched | 28 |
| Buccellati Riyadh flagship opening | 2025 | Launched | 28 |
| Buccellati Opera Tulle collection addition | 2025 | Launched | 28 |
| Buccellati Mall of the Emirates boutique opening (2x) | 2025 | Launched | 34 |
| A. Lange & Sohne exclusive boutiques opened in London, Singapore, Shanghai, Sydney, Chicago, Doha, Shenzhen, Riyadh, Beijing | 2025 | Launched | 38 |
| A. Lange & Söhne Lange 1 Platinum launch | 2025 | Launched | 28 |
| Homo Faber 2024 exhibition | 2024-09 | Launched | 29 |
| Appointment of Louis Ferla as President and CEO of Cartier | 2024-09 | Launched | 25 |
| Appointment of Catherine Rénier as CEO of Van Cleef & Arpels | 2024-09 | Launched | 25 |
| Appointment of Nicolas Bos as Chief Executive Officer | 2024-06 | Launched | 25 |
| IWC Portugieser Eternal Calendar launch | 2024-04 | Launched | 29 |
| Launch of Le Voyage Recommencé collection (2x) | 2024-03 | Launched | 21 |
| dunhill debut collection launch under Creative Director Simon Holloway | 2024 | Launched | 29 |
| Watchfinder certified pre-owned programme with Vacheron Constantin (2x) | 2024 | Launched | 29 |
| Vacheron Constantin Overseas green dial models launch | 2024 | Launched | 29 |
| Vacheron Constantin Métiers d'Art 'Tribute to Traditional Symbols' series launch | 2024 | Launched | 29 |
| Vacheron Constantin Educational Institute of the Palace Museum Beijing partnership | 2024 | Launched | 29 |
| Vacheron Constantin Berkley Grand Complication reveal | 2024 | Launched | 29 |
| Piaget 150th anniversary celebration (2x) | 2024 | Launched | 38 |
| Peter Millar new fulfilment centre opening | 2024 | Launched | 29 |
| Peter Millar New York flagship boutique relocation | 2024 | Launched | 29 |
| Panerai Taipei 101 store opening | 2024 | Launched | 21 |
| Montblanc Oxygen collection | 2024 | Launched | 21 |
| Montblanc Nicolas Rieussec chronograph limited edition launch | 2024 | Launched | 29 |
| Montblanc Meisterstück Traveller Limited Edition 1924 fountain pen launch | 2024 | Launched | 29 |
| Montblanc 100 years Meisterstück celebration | 2024 | Launched | 21 |
| Jaeger-LeCoultre perpetual calendar introduction | 2024 | Launched | 21 |
| Jaeger-LeCoultre Portugieser collection unveiling | 2024 | Launched | 21 |
| Jaeger-LeCoultre Munich store opening | 2024 | Launched | 21 |
| Gianvito Rossi boutiques opening in China (Deji Plaza Nanjing, Wuhan, Xi'an) | 2024 | Launched | 29 |
| Gianvito Rossi boutique in Dallas (6x) | 2024 | Launched | 34 |
| Gianvito Rossi Portofino sandal 10th anniversary celebration with limited edition metallic colours | 2024 | Launched | 29 |
| G/FORE G/18 golf shoe launch | 2024 | Launched | 29 |
| G/FORE Beverly Hills boutique opening | 2024 | Launched | 29 |
| Delvaux flagship opening in Bangkok, Thailand | 2024 | Launched | 29 |
| Delvaux flagship opening at South Coast Plaza, US | 2024 | Launched | 29 |
| Delvaux Magritte collection new edition | 2024 | Launched | 29 |
| Chloé reintroduction of iconic flou dresses, blouses, denim and trousers | 2024 | Launched | 29 |
| Chloé Autumn/Winter 2024 collection | 2024 | Launched | 21 |
| Cartier Ginza boutique opening (8x) | 2024 | Launched | 34 |
| Alaïa Couture collection | 2024 | Launched | 21 |
| Shareholder Loyalty Scheme warrant conversion | 2023-11 | Launched | 14 |
| A. Lange & Söhne Zeitwerk Minute Repeater Honeygold premiere | 2023-10 | Launched | 21 |
| Watchfinder&Co. marketplace launch | 2023-04 | Launched | 10 |
| Watchfinder third-party marketplace launch in United Kingdom | 2023-04 | Launched | 14 |
| Watchfinder&Co. Qatar lounge | 2023-01 | Launched | 10 |
| dunhill ready-to-wear refreshed collection | 2023 | Launched | 21 |
| dunhill Society Jacket | 2023 | Launched | 10 |
| YOOX pre-owned fashion | 2023 | Launched | 10 |
| YOOX NET-A-PORTER 8 By YOOX private label | 2023 | Launched | 21 |
| YOOX Home Decor + Art category | 2023 | Launched | 10 |
| Watchfinder&Co. third-party pre-owned marketplace | 2023 | Launched | 21 |
| Watchfinder&Co. Middle East retail space | 2023 | Launched | 10 |
| Watches and Wonders Geneva 2023 | 2023 | Launched | 10 |
| Van Cleef & Arpels Expansion - Chengdu (3x) | 2023 | Launched | 10 |
| Vacheron Constantin retrograde across Patrimony, Traditionnelle and Overseas | 2023 | Launched | 21 |
| Vacheron Constantin partnership with The New York Metropolitan Museum of Art | 2023 | Launched | 21 |
| Vacheron Constantin metiers d'art timepieces | 2023 | Launched | 10 |
| Vacheron Constantin Les Cabinotiers Dual Moon Grand Complication | 2023 | Launched | 21 |
| THE OUTNET resale service | 2023 | Launched | 10 |
| Serapian digital bespoke experience | 2023 | Launched | 10 |
| Roger Dubuis Monovortex Split-Seconds Chronograph | 2023 | Launched | 21 |
| Roger Dubuis Excalibur Spider Pirelli (2x) | 2023 | Launched | 21 |
| Purdey London Sporter relaunch | 2023 | Launched | 10 |
| Piaget Possession new Decor Palace bracelet | 2023 | Launched | 21 |
| Piaget Polo perpetual calendar | 2023 | Launched | 21 |
| Piaget Flagship - Canton Road Hong Kong | 2023 | Launched | 10 |
| Piaget Altiplano Ultimate concept 2mm | 2023 | Launched | 21 |
| Piaget Altiplano Ultimate Automatic 910P | 2023 | Launched | 21 |
| Peter Millar Scottsdale boutique | 2023 | Launched | 10 |
| Peter Millar Crown Crafted line | 2023 | Launched | 29 |
| Panerai Salon - Zurich | 2023 | Launched | 10 |
| Panerai Radiomir Tourbillon GMT Bronzo | 2023 | Launched | 21 |
| Panerai Radiomir Quaranta | 2023 | Launched | 21 |
| Panerai Radiomir Annual Calendar P.9010/AC | 2023 | Launched | 21 |
| NET-A-PORTER UK clothing care and repair service | 2023 | Launched | 10 |
| Montblanc Suite 4810 Champs-Elysees | 2023 | Launched | 10 |
| Montblanc Iced Sea timepiece collection | 2023 | Launched | 21 |
| Montblanc Extreme 3.0 leather goods | 2023 | Launched | 21 |
| Montblanc 1858 Iced Sea Automatic Date watch | 2023 | Launched | 10 |
| Maison Vacheron 1755 - Shanghai | 2023 | Launched | 10 |
| Launch of Mosaico collection (2x) | 2023 | Launched | 21 |
| Launch of Le Grand Tour collection (5x) | 2023 | Launched | 31 |
| Jaeger-LeCoultre Salon - Beverly Hills | 2023 | Launched | 10 |
| Jaeger-LeCoultre Reverso Hybris Artistica Calibre 179 | 2023 | Launched | 21 |
| Jaeger-LeCoultre Collectibles programme | 2023 | Launched | 10 |
| IWC Salon - Taikoo Hui Shanghai | 2023 | Launched | 10 |
| IWC Portofino collections in 34 and 37 millimeters | 2023 | Launched | 10 |
| IWC Pilot's Watch Performance Chronograph | 2023 | Launched | 21 |
| IWC Ingenieur Automatic 40 (2x) | 2023 | Launched | 31 |
| IWC Flagship Store - Shinjuku | 2023 | Launched | 10 |
| Gianvito Rossi Vali bag collection | 2023 | Launched | 21 |
| G/FORE G.112 and GALLIVAN2R shoe capsules | 2023 | Launched | 21 |
| Delvaux boutique opening Korea (6x) | 2023 | Launched | 34 |
| Delvaux Tempete XL bag | 2023 | Launched | 21 |
| Delvaux Saudi Arabia opening | 2023 | Launched | 10 |
| Delvaux Omotesando relocation Tokyo (3x) | 2023 | Launched | 21 |
| Delvaux Malaysia opening | 2023 | Launched | 10 |
| Chloe 15 new store openings | 2023 | Launched | 10 |
| Cartier flagship Paris renovation (3x) | 2023 | Launched | 21 |
| Cartier Grain de Cafe collection launch | 2023 | Launched | 21 |
| Cartier Flagship Boutique Reopening - Paris 13 Rue de la Paix | 2023 | Launched | 10 |
| Cartier Flagship Boutique - Sydney (3×) | 2023 | Launched | 10 |
| Baume & Mercier Riviera collection expansion (2×) | 2023 | Launched | 21 |
| Alaïa US Boutique - Soho New York | 2023 | Launched | 10 |
| Alaïa Tokyo boutique opening (2×) | 2023 | Launched | 10 |
| Richemont Maisons adoption of Farfetch technology | 2023 | Launched | 6 |
| A. Lange & Söhne Salon - Zurich | 2023 | Launched | 10 |
| Watchfinder&Co. Bicester Village boutique | 2022-11 | Launched | 10 |
| Serapian ephemeral Paris boutique | 2022-10 | Launched | 10 |
| Piaget Solstice collection | 2022-07 | Launched | 10 |
| AZ Factory pop-up Paris | 2022-07 | Launched | 10 |
| Montblanc Haus Hamburg | 2022-05 | Launched | 10 |
| Montblanc Meisterstück collection relaunch Paris (3×) | 2022-04 | Launched | 29 |
| Delvaux Lingot bag | 2022-04 | Launched | 10 |
| Vacheron Constantin Les Cabinotiers Royaumes Aquatiques | 2022 | Launched | 10 |
| Roger Dubuis Q-LAB dedicated space | 2022 | Launched | 10 |
| Piaget Polo 42mm Steel with green skeleton dial | 2022 | Launched | 10 |
| Panerai Submersible QuarantaQuattro | 2022 | Launched | 10 |
| Panerai Luminor Due Luna | 2022 | Launched | 10 |
| Jaeger-LeCoultre Stellar Odyssey | 2022 | Launched | 10 |
| IWC Colors of TOP GUN collection | 2022 | Launched | 10 |
| Cartier Tank Française relaunch | 2022 | Launched | 21 |
| Cartier Clash [Un]limited jewellery collection | 2022 | Launched | 10 |
| Cartier Beautes du Monde High Jewellery collection | 2022 | Launched | 10 |
| A. Lange & Söhne Zeitwerk new generation | 2022 | Launched | 10 |
| A. Lange & Söhne Odysseus Honeygold (3×) | 2022 | Launched | 31 |
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M&A (47)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 23Divestitures/exits · 20older: 4 (in the table)
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Acquisition of Baume & Mercier by Damiani Group | 2026-08 | Completed | 36 |
| Baume & Mercier divestiture (4×) | 2026-01 | Completed | 38 |
| Investment in LuxExperience BV (36% stake) | 2025-04 | Completed | 35 |
| Acquisition of remaining 70% of Crispino srl | 2025-03 | Completed | 29 |
| G/FORE added as distinct Maison to Fashion & Accessories | 2025-02 | Completed | 28 |
| Vhernier integration as part of Group building foundations for long-term growth | 2025 | Completed | 31 |
| KPMG SA appointed as auditor, replacing PricewaterhouseCoopers | 2025 | Completed | 31 |
| Gianvito Rossi full year contribution | 2025 | Completed | 29 |
| Acquisition of DPS Beaune remaining shareholding (2×) | 2024-06 | Completed | 29 |
| Vhernier acquisition (5×) | 2024-05 | Completed | 29 |
| Warrant exercise (2x) | 2024 | Completed | 21 |
| Gianvito Rossi first anniversary in Fashion & Accessories portfolio | 2024 | Completed | 28 |
| Acquisition of external boutiques and distributors | 2024 | Completed | 29 |
| Farfetch 47.5% stake in YNAP acquisition | 2023-10 | Completed | 12 |
| Watchfinder & Co. reclassified to Other business area | 2023-09 | Completed | 9 |
| Textile manufacturer acquisition (85% stake, Italy) | 2023-09 | Completed | 12 |
| Italian textile manufacturer acquisition | 2023-09 | Completed | 21 |
| Italian jewellery entities acquisitions (5x) | 2023-04 | Completed | 25 |
| French jewellery manufacturer acquisition | 2023-04 | Completed | 21 |
| Richemont acquires controlling stake in Miles knitwear supplier | 2023 | Completed | 21 |
| Gianvito Rossi acquisition (7×) | 2023 | Completed | 14 |
| Delvaux integration (2x) | 2023 | Completed | 38 |
| Acquisition of stake in YNAP by Farfetch and Alabbar | 2023 | Completed | 6 |
| Watchfinder acquisition and integration into Other business area | 2022 | Completed | 5 |
| Delvaux acquisition | 2021-06 | Completed | 5 |
| Buccellati acquisition | 2019 | Completed | 10 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Baume & Mercier announced sale agreement | 2026 | Divested | 38 |
| YNAP sale completion | 2025-04 | Divested | 29 |
| YNAP divestiture to Mytheresa | 2025-04 | Divested | 30 |
| YNAP disposal to LuxExperience consortium | 2025-04 | Divested | 38 |
| Sale of YOOX NET-A-PORTER (YNAP) | 2025-04 | Divested | 29 |
| Sale of YNAP to LuxExperience (formerly Mytheresa) | 2025-04 | Divested | 31 |
| Sale of YNAP to LuxExperience | 2025-04 | Divested | 34 |
| Sale of YNAP in April 2025 with 36% investment in LuxExperience B.V. retained | 2025-04 | Divested | 38 |
| Sale of YNAP | 2025-04 | Divested | 38 |
| G/FORE separation from Peter Millar | 2025-02 | Divested | 30 |
| YOOX NET-A-PORTER sale to Mytheresa | 2024-10 | Divested | 29 |
| YNAP sale to Mytheresa | 2024-10 | Divested | 38 |
| YNAP disposal agreement with Mytheresa | 2024-10 | Divested | 27 |
| YOOX NET-A-PORTER sale agreement termination | 2024 | Divested | 21 |
| Sale of controlling stake in YOOX NET-A-PORTER (YNAP) | 2023-09 | Divested | 9 |
| YNAP stake sale to Farfetch and Alabbar | 2023 | Divested | 12 |
| YNAP divestiture to Farfetch and Alabbar | 2023 | Divested | 10 |
| YNAP controlling interest sale to Farfetch and Alabbar | 2023 | Divested | 5 |
| Sale of Controlling Stake in YNAP | 2023 | Divested | 10 |
| Farfetch YNAP transaction | 2023 | Divested | 14 |
| Sale of controlling interest in YNAP | 2022-08 | Divested | 10 |
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Reported KPIs (as disclosed) (198)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-07-15 | 2027-Q1 | net cash position | 9.1 billion | 40 |
| 2026-05-22 | FY2026 | operating margin | 20.0% | 37 |
| 2026-05-22 | FY2026 | net cash position | € 8.5 billion | 37 |
| 2026-05-22 | FY2026 | gross profit | 14 438 | 37 |
| 2026-05-22 | FY2026 | gross margin | 64.4% | 37 |
| 2026-05-22 | FY2026 | direct to client sales pct | 77% | 37 |
| 2026-05-21 | FY2026 | shareholders equity pct | 57% | 38 |
| 2026-05-21 | FY2026 | net cash position | 8 496 | 38 |
| 2026-05-21 | FY2026 | net cash | € 8 496 million | 38 |
| 2026-05-21 | FY2026 | investments externally managed money market funds | 8 713 | 38 |
| 2026-05-21 | FY2026 | wholesale sales pct | 23% | 35 |
| 2026-05-21 | FY2026 | wholesale sales as % of total sales | 23% | 38 |
| 2026-05-21 | FY2026 | unrecognised tax losses | 11 441 | 35 |
| 2026-05-21 | FY2026 | unlisted investments | 5 (EUR millions) | 35 |
| 2026-05-21 | FY2026 | total taxation charge | 886 | 35 |
| 2026-05-21 | FY2026 | Total lease expenses | 881 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Royalty income | 76 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Retail sales pct | 71% | 35 |
| 2026-05-21 | FY2026 | Retail sales as % of total sales | 71% | 38 |
| 2026-05-21 | FY2026 | Operating profit margin | 20.0% | 38 |
| 2026-05-21 | FY2026 | Operating margin pct | 20.0% | 35 |
| 2026-05-21 | FY2026 | Operating margin (Group) | 20.0% | 38 |
| 2026-05-21 | FY2026 | Online retail sales pct | 6% | 35 |
| 2026-05-21 | FY2026 | LuxExperience fair value | 345 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Listed investments FVTOCI | 521 (EUR millions) | 35 |
| 2026-05-21 | FY2026 | Lease liabilities current and non-current | 4 744 | 35 |
| 2026-05-21 | FY2026 | Kering Eyewear carrying amount | 664 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Jewellery Maisons operating margin | 30.5% | 38 |
| 2026-05-21 | FY2026 | Investments in money market funds | 963 (EUR millions) | 35 |
| 2026-05-21 | FY2026 | Investments in externally managed funds | 7 750 | 35 |
| 2026-05-21 | FY2026 | Investment property fair value | 213 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Gross profit margin | 64.4% | 38 |
| 2026-05-21 | FY2026 | Gross profit | 14 438 | 35 |
| 2026-05-21 | FY2026 | Gross margin pct | 64.4% | 35 |
| 2026-05-21 | FY2026 | Fair value of plan assets | 3 277 | 35 |
| 2026-05-21 | FY2026 | Equity-accounted investments carrying value | 1 015 | 35 |
| 2026-05-21 | FY2026 | Effective Tax Rate | 20.4% | 38 |
| 2026-05-21 | FY2026 | Direct-to-client sales as % of total sales | 77% | 38 |
| 2026-05-21 | FY2026 | Direct-to-client sales | 77% | 38 |
| 2026-05-21 | FY2026 | Direct-to-client sales % | 77% | 35 |
| 2026-05-21 | FY2026 | Derivative financial instruments assets | 77 (EUR millions) | 35 |
| 2026-05-21 | FY2026 | Defined benefit obligation total | (3 073) | 35 |
| 2026-05-21 | FY2026 | Current tax | 937 | 35 |
| 2026-05-21 | FY2026 | Current financial assets | 1 434 | 38 |
| 2026-05-21 | FY2026 | Corporate bonds | 4 460 | 35 |
| 2026-05-21 | FY2026 | Committed Capex | 266 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Cash and cash equivalents | 4 273 | 35 |
| 2026-05-21 | FY2026 | Cartier CGU goodwill | 154 | 35 |
| 2026-05-21 | FY2026 | Carrying value goodwill at 31 March 2026 | 746 (EUR €m) | 35 |
| 2026-05-21 | FY2026 | Borrowings total | 4 490 | 35 |
| 2025-11-14 | 2026-H1 | Specialist Watchmakers operating margin | 3.2% | 34 |
| 2025-11-14 | 2026-H1 | Operating margin | 22.2% | 34 |
| 2025-11-14 | 2026-H1 | Jewellery Maisons operating margin | 32.8% | 34 |
| 2025-11-14 | 2026-H1 | Gross margin | 65.3% | 34 |
| – | 2026-H1 | Specialist Watchmakers operating margin | 3.2% | 31 |
| – | 2026-H1 | Operating margin | 22.2% | 31 |
| – | 2026-H1 | Jewelry Maisons operating margin | 32.8% | 31 |
| – | 2026-H1 | Gross margin | 65.3% | 31 |
| – | 2026-H1 | Direct-to-client sales | 76% | 31 |
| 2025-05-16 | FY2025 | Specialist Watchmakers sales | 3 283 | 28 |
| 2025-05-16 | FY2025 | specialist watchmakers operating margin % | 5.3% | 28 |
| 2025-05-16 | FY2025 | shareholders equity % of total | 54% | 28 |
| 2025-05-16 | FY2025 | retail sales % of group | 70% | 28 |
| 2025-05-16 | FY2025 | other business area sales | € 2.8 billion | 28 |
| 2025-05-16 | FY2025 | other business area operating margin % | -3.7% | 28 |
| 2025-05-16 | FY2025 | operating margin % | 20.9% | 28 |
| 2025-05-16 | FY2025 | jewelry maisons sales | € 15.3 billion | 28 |
| 2025-05-16 | FY2025 | jewelry maisons operating margin % | 31.9% | 28 |
| 2025-05-16 | FY2025 | jewelry maisons direct to client % | 84% | 28 |
| 2025-05-16 | FY2025 | gross margin % | 66.9% | 28 |
| 2025-05-16 | FY2025 | gross cash | € 14 246 million | 28 |
| 2025-05-16 | FY2025 | direct to client sales pct | 76% | 28 |
| 2025-05-15 | FY2025 | Specialist watchmakers margin | 5.3% | 29 |
| 2025-05-15 | FY2025 | operating margin | 20.9% | 29 |
| 2025-05-15 | FY2025 | net cash position | 8 257 | 29 |
| 2025-05-15 | FY2025 | Jewellery maisons margin | close to 32% | 29 |
| 2025-05-15 | FY2025 | Fashion accessories operating margin excl inventory | -2% | 29 |
| 2025-05-15 | FY2025 | Direct to client sales percentage | 76% | 29 |
| 2025-05-15 | FY2025 | Warranties and sales-related provisions | 234 (EUR €m) | 29 |
| 2025-05-15 | FY2025 | Special dividend per share | – | 29 |
| 2025-05-15 | FY2025 | Shareholders' equity percentage | 54% | 29 |
| 2025-05-15 | FY2025 | Other long-term financial liabilities | 206 | 29 |
| 2025-05-15 | FY2025 | Other lease liabilities | 33 | 29 |
| 2025-05-15 | FY2025 | Other assets | 29 (EUR €m) | 29 |
| 2025-05-15 | FY2025 | Ordinary dividend per share | CHF 3.00 | 29 |
| 2025-05-15 | FY2025 | Maisons collections | 417 | 29 |
| 2025-05-15 | FY2025 | Lowest price | CHF 112.80 | 29 |
| 2025-05-15 | FY2025 | Lease deposits | 151 (EUR €m) | 29 |
| 2025-05-15 | FY2025 | Highest price | CHF 187.55 | 29 |
| 2025-05-15 | FY2025 | Gross margin | 66.9% | 29 |
| 2025-05-15 | FY2025 | Deferred tax liabilities | 313 | 29 |
| 2025-05-15 | FY2025 | Deferred tax assets | 1047 (EUR €m) | 29 |
| 2025-05-15 | FY2025 | Carrying value equity accounted investments | 667 | 29 |
| 2025-05-15 | FY2025 | Average number of employees from discontinued operations | 3 231 | 29 |
| 2025-05-15 | FY2025 | Average number of employees from continuing operations | 38 896 | 29 |
| 2025-01-16 | 2025-Q3 | Retail contribution to Group sales | 71% | 26 |
| 2025-01-16 | 2025-Q3 | net cash position | 7.9 billion | 26 |
| 2025-01-16 | 2025-Q3 | YNAP net cash position | 0.2 billion | 26 |
| 2024-11-08 | 2025-H1 | Specialist Watchmakers sales | 1.7 billion | 24 |
| 2024-11-08 | 2025-H1 | Specialist watchmakers operating margin | 9.7% | 24 |
| 2024-11-08 | 2025-H1 | Retail sales pct | 70% | 24 |
| 2024-11-08 | 2025-H1 | operating margin | 21.9% | 24 |
| 2024-11-08 | 2025-H1 | Jewellery maisons sales | 7.1 billion | 24 |
| 2024-11-08 | 2025-H1 | Jewellery maisons operating margin | 32.9% | 24 |
| 2024-11-08 | 2025-H1 | gross margin | 67.2% | 24 |
| 2024-11-08 | 2025-H1 | direct to client sales pct | 76% | 24 |
| – | 2025-H1 | Gross cash position | € 12 107 m | 25 |
| 2024-05-17 | FY2024 | Specialist Watchmakers operating margin | 15.2% | 20 |
| 2024-05-17 | FY2024 | Operating margin (constant exchange rates) | 26.2% | 20 |
| 2024-05-17 | FY2024 | Operating margin | 23.3% | 20 |
| 2024-05-17 | FY2024 | Jewellery Maisons operating margin | 33.1% | 20 |
| 2024-05-17 | FY2024 | Gross margin | 68.1% | 20 |
| 2024-05-17 | FY2024 | Gross cash | € 13 429 million | 20 |
| 2024-05-16 | FY2024 | net cash position | 7 450 | 21 |
| 2024-05-16 | FY2024 | Wholesale contribution to sales (prior year) | 26% | 21 |
| 2024-05-16 | FY2024 | Wholesale contribution to sales | 25% | 21 |
| 2024-05-16 | FY2024 | Warranty claims provision | € 47 million | 21 |
| 2024-05-16 | FY2024 | Warranties provision to be used within 12 months | € 145 million | 21 |
| 2024-05-16 | FY2024 | Warranties and sales returns provision | € 192 million | 21 |
| 2024-05-16 | FY2024 | Variable rental payments | 709 | 21 |
| 2024-05-16 | FY2024 | Unrecognised deferred tax assets on losses carried forward | 10 137 | 21 |
| 2024-05-16 | FY2024 | total taxation charge | 837 | 21 |
| 2024-05-16 | FY2024 | Total segment assets | 8 909 | 21 |
| 2024-05-16 | FY2024 | Total lease liabilities (carrying value) | (4 288) | 21 |
| 2024-05-16 | FY2024 | Total cash outflow for leases | 1 649 | 21 |
| 2024-05-16 | FY2024 | Specialist Watchmakers operating margin (prior year) | 19.0% | 21 |
| 2024-05-16 | FY2024 | Specialist Watchmakers operating margin | 15.2% | 21 |
| 2024-05-16 | FY2024 | Short-term leases expense | 89 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Share premium from warrant exercise | € 1 162 million | 21 |
| 2024-05-16 | FY2024 | Sales return asset | 32 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Right-of-use assets - Total | 5 325 | 21 |
| 2024-05-16 | FY2024 | Right-of-use assets - Other assets | 68 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Right-of-use assets - Land and buildings | 5 257 | 21 |
| 2024-05-16 | FY2024 | Retail contribution to sales (prior year) | 68% | 21 |
| 2024-05-16 | FY2024 | Retail contribution to sales | 69% | 21 |
| 2024-05-16 | FY2024 | RISA Foundation property | € 39 million | 21 |
| 2024-05-16 | FY2024 | Prepayments | 171 | 21 |
| 2024-05-16 | FY2024 | Other business area operating margin (prior year) | 2.2% | 21 |
| 2024-05-16 | FY2024 | Other business area operating margin | -1.6% | 21 |
| 2024-05-16 | FY2024 | Other assets | 24 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Operating profit margin | 23.3% | 21 |
| 2024-05-16 | FY2024 | Operating margin from continuing operations (prior year) | 25.2% | 21 |
| 2024-05-16 | FY2024 | Operating margin from continuing operations | 23.3% | 21 |
| 2024-05-16 | FY2024 | Online retail contribution to sales | 6% | 21 |
| 2024-05-16 | FY2024 | Market value of treasury shares held | € 831 million | 21 |
| 2024-05-16 | FY2024 | Maisons' collections | 387 | 21 |
| 2024-05-16 | FY2024 | Low-value asset leases expense | 15 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Lease liability - More than 5 years | (1 484) | 21 |
| 2024-05-16 | FY2024 | Lease liability - Current | (768) | 21 |
| 2024-05-16 | FY2024 | Lease liability - Between 4-5 years | (366) | 21 |
| 2024-05-16 | FY2024 | Lease liability - Between 3-4 years | (508) | 21 |
| 2024-05-16 | FY2024 | Lease liability - Between 2-3 years | (579) | 21 |
| 2024-05-16 | FY2024 | Lease liability - Between 1-2 years | (678) | 21 |
| 2024-05-16 | FY2024 | Lease deposits | 140 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Jewellery Maisons operating margin (prior year) | 34.9% | 21 |
| 2024-05-16 | FY2024 | Jewellery Maisons operating margin | 33.1% | 21 |
| 2024-05-16 | FY2024 | Interest charges on lease liabilities | 96 | 21 |
| 2024-05-16 | FY2024 | Gross profit margin | 68.1% | 21 |
| 2024-05-16 | FY2024 | Gross margin | 68.1% | 21 |
| 2024-05-16 | FY2024 | Fair value of plan assets | 2 712 | 21 |
| 2024-05-16 | FY2024 | Equity-accounted investments - Total carrying amount | 656 | 21 |
| 2024-05-16 | FY2024 | Equity-accounted investments - Kering Eyewear revenue | 1 502 | 21 |
| 2024-05-16 | FY2024 | Deferred income tax liabilities | (265) | 21 |
| 2024-05-16 | FY2024 | Deferred income tax assets | 888 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Current tax charge | 922 | 21 |
| 2024-05-16 | FY2024 | Current income tax asset | 50 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Currency forwards - Nominal amount | 6 126 | 21 |
| 2024-05-16 | FY2024 | Currency forwards - Fair value liabilities | (107) | 21 |
| 2024-05-16 | FY2024 | Currency forwards - Fair value assets | 67 (EUR €m) | 21 |
| 2024-05-16 | FY2024 | Commitments for lease agreements not yet commenced | 406 | 21 |
| – | FY2024 | Taxonomy-non-eligible turnover | 98.3% | 16 |
| – | FY2024 | Taxonomy-non-eligible OpEx | 45.0% | 16 |
| – | FY2024 | Taxonomy-non-eligible CapEx | 33.5% | 16 |
| – | FY2024 | Taxonomy-eligible turnover percentage | 1.7% | 16 |
| – | FY2024 | Taxonomy-eligible OpEx percentage | 55.0% | 16 |
| – | FY2024 | Taxonomy-eligible CapEx percentage | 66.5% | 16 |
| 2024-01-18 | 2024-Q3 | YNAP net cash position | € 0.3 billion | 11 |
| 2023-11-10 | 2024-H1 | Specialist Watchmakers operating margin | 19.7% | 14 |
| 2023-11-10 | 2024-H1 | Operating margin | 26.0% | 14 |
| 2023-11-10 | 2024-H1 | Jewellery Maisons operating margin | 35.5% | 14 |
| 2023-11-10 | 2024-H1 | Gross margin | 68.2% | 14 |
| 2023-11-10 | 2024-H1 | Gross cash position | 11 753 | 14 |
| – | 2024-H1 | wholesale percentage | 26% | 12 |
| – | 2024-H1 | Specialist watchmakers operating margin | 19.7% | 12 |
| – | 2024-H1 | shareholders equity percentage | 46% | 12 |
| – | 2024-H1 | retail sales percentage | 69% | 12 |
| – | 2024-H1 | operating margin continuing | 26.0% | 12 |
| – | 2024-H1 | operating margin constant exchange rates | 28.5% | 12 |
| – | 2024-H1 | online retail percentage | 5% | 12 |
| – | 2024-H1 | Middle East Africa contribution | 7% | 12 |
| – | 2024-H1 | Jewellery maisons operating margin | 35.5% | 12 |
| – | 2024-H1 | Japan contribution | 8% | 12 |
| – | 2024-H1 | gross margin | 68.2% | 12 |
| – | 2024-H1 | Gross cash position | € 11 753 million | 12 |
| – | 2024-H1 | Europe contribution | 22% | 12 |
| – | 2024-H1 | Asia Pacific contribution | 42% | 12 |
| – | 2024-H1 | Americas contribution | 21% | 12 |
| 2023-07-17 | 2024-Q1 | Net cash position | € 6.6 billion | 17 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2027
In the first quarter of fiscal year 2027 (April–June 2026), Richemont Group sales rose 20% at constant exchange rates to €6.3 billion, supported by strong local demand across all regions 40. The Jewellery Maisons segment recorded 24% sales growth, marking the seventh consecutive quarter of double-digit growth and remaining the primary revenue driver 40. Specialist Watchmakers posted 8% sales growth, representing a notable sequential improvement within that division 40. Retail sales grew 24% at constant exchange rates, accounting for 71% of Group sales, with online retail up 18% 40. The net cash position strengthened to €9.1 billion as of 30 June 2026, partially reflecting a €0.4 billion cash inflow from the disposal of the Avolta stake 40.
FY2026
Richemont's FY2026 (April 2025 to March 2026) group sales grew 5% at actual exchange rates and 11% at constant rates to €22.4 billion, with growth recorded across all business areas, regions and distribution channels 38. Jewellery Maisons posted double-digit growth in each quarter of the year, reaching €16.5 billion in sales with a 30.5% operating margin, while Specialist Watchmakers returned to positive constant-rate growth in the second half following a challenging period 35. Full-year operating profit grew 23% at constant exchange rates to €4.5 billion, representing a 20.0% margin, although gross margin declined to 64.4% from 66.9% due to adverse foreign exchange movements, higher raw material costs, and additional US customs duties 35. Full-year profit increased 27% to €3.5 billion, partly reflecting the non-recurrence of the prior-year €1.0 billion YNAP write-down 37. The group completed the sale of YNAP to Mytheresa in April 2025 and announced in January 2026 the planned divestiture of Baume & Mercier to the Damiani Group, while maintaining a strong net cash position of €8.5 billion at year-end 35 37.
FY2025
In fiscal year 2025 (year ended 31 March 2025), Richemont group sales rose 4% to €21.4 billion, led by an 8% advance at Jewellery Maisons to €15.3 billion while Specialist Watchmakers contracted 13% due to persistent weakness in the China market 138 29. Operating profit declined 7% to €4.5 billion, compressing the operating margin 240 basis points to 20.9%, as higher raw material costs–notably gold–and unfavourable exchange rates were only partially offset by price increases 28 29. Profit for the year rose 17% to €2.75 billion, reflecting an improvement in net finance costs, after absorbing a €1.0 billion loss from discontinued YOOX NET-A-PORTER operations; profit from continuing operations edged down 1% to €3.8 billion 28 29. The group's net cash position strengthened to €8.3 billion, up €807 million year-on-year, supported by €4.4 billion of operating cash flow and free cash flow of €3.4 billion 138 28. Strategic milestones included Nicolas Bos's appointment as Group CEO on 1 June 2024, the Vhernier acquisition completed in September 2024, and the agreement to divest YOOX NET-A-PORTER to Mytheresa, which closed on 23 April 2025 with Richemont retaining a 33% stake in LuxExperience B.V. 24 28 29.
FY2024
Richemont recorded group sales from continuing operations of €20.6 billion in FY2024, an all-time high representing 3% growth at actual exchange rates and 8% at constant rates, driven by Jewellery Maisons advancing 6% to €14.2 billion and the directly-operated retail channel growing 5% to account for 69% of group sales 20. Operating profit from continuing operations declined 5% at actual exchange rates to €4.8 billion, with the reported operating margin contracting 190 basis points to 23.3%, as adverse currency movements masked 13% constant-rate operating profit growth 19. Specialist Watchmakers posted a 3% revenue decline to €3.8 billion and a 22% fall in operating result to a 15.2% margin, while YOOX NET-A-PORTER, classified as discontinued operations throughout the year, generated a €1.5 billion loss including a €1.3 billion non-cash write-down following termination of the planned sale to Farfetch and Symphony Global in December 2023 21. The net cash position strengthened by €0.9 billion to €7.4 billion, supported by €4.7 billion in operating cash flow and approximately €880 million in net proceeds from the exercise of shareholder loyalty warrants in November 2023 20. During the fiscal year Richemont completed the acquisition of a 70% stake in Gianvito Rossi, announced an agreement to acquire Italian jewellery Maison Vhernier, and appointed Nicolas Bos as Chief Executive Officer effective June 2024 20.
FY2023
Richemont's fiscal year 2023 (ending 31 March 2023) delivered record revenue from continuing operations of €19,953 million, up 19% at actual exchange rates and 14% at constant exchange rates, with all business areas and regions contributing to growth 10. Operating profit from continuing operations reached an all-time high of €5,031 million (+34%), lifting the operating margin 280 basis points to 25.2%, while gross margin expanded 200 basis points to 68.7%, driven by price increases, a favourable geographic sales mix and the continued shift toward the retail channel 10. The statutory net result was €313 million 138, held down by a €3,444 million non-cash write-down of YNAP net assets following a binding agreement to sell a controlling interest in YOOX NET-A-PORTER to Farfetch and Alabbar, with YNAP reclassified as a discontinued operation 10. Free cash flow amounted to €3,634 million and net cash strengthened 25% to €6,549 million at 31 March 2023, supporting a regular dividend of CHF 2.50 per 'A' share and a special dividend of CHF 1.00 per 'A' share 10 138.
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
40 documents · 2022 – 2026 · IR
| # | Document type | Published | Link |
|---|---|---|---|
| #1 | IR-Report | – | Open |
| #3 | IR-Report | – | Open |
| #4 | IR-Report | – | Open |
| #10 / #110 | IR-Annual | – | Open |
| #12 / #112 | IR-Half | – | Open |
| #16 | IR-Report | – | Open |
| #21 / #121 | IR-Annual | – | Open |
| #23 | IR-Half | – | Open |
| #25 / #125 | IR-Half | – | Open |
| #29 / #129 | IR-Annual | – | Open |
| #31 / #131 | IR-Half | – | Open |
| #35 / #135 | IR-Annual | – | Open |
| #38 / #138 | IR-Annual | – | Open |
| #9 / #109 | IR-Quarter | 2023-01-18 | Open |
| #8 | IR-Report | 2023-03-31 | Open |
| #7 | IR-Annual | 2023-06-02 | Open |
| #17 / #117 | IR-Quarter | 2023-07-17 | Open |
| #13 | IR-Half | 2023-11-10 | Open |
| #14 | IR-Half | 2023-11-10 | Open |
| #2 | IR-Half | 2023-11-17 | Open |
| #11 / #111 | IR-Quarter | 2024-01-18 | Open |
| #19 | IR-Annual | 2024-05-17 | Open |
| #20 | IR-Annual | 2024-05-17 | Open |
| #15 / #115 | IR-Quarter | 2024-07-16 | Open |
| #24 / #124 | IR-Half | 2024-11-08 | Open |
| #27 | IR-Half | 2024-11-08 | Open |
| #18 | IR-Half | 2024-11-15 | Open |
| #26 | IR-Quarter | 2025-01-16 | Open |
| #28 | IR-Annual | 2025-05-16 | Open |
| #30 | IR-Annual | 2025-05-16 | Open |
| #22 | IR-Quarter | 2025-07-16 | Open |
| #32 | IR-Half | 2025-11-14 | Open |
| #34 / #134 | IR-Half | 2025-11-14 | Open |
| #33 / #133 | IR-Quarter | 2026-01-15 | Open |
| #36 | IR-Annual | 2026-05-22 | Open |
| #37 | IR-Annual | 2026-05-22 | Open |
| #39 | IR-Annual | 2026-05-22 | Open |
| #40 | IR-Quarter | 2026-07-15 | Open |
FAQ#
Does Compagnie Financière Richemont SA pay a dividend?
The filings report on the dividend; most recent entry: dividend per share – (FY2025) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of Compagnie Financière Richemont SA?
The sources chapter links all 56 original filings used (IR documents) with type, publication date and a direct link; every figure in the report carries a source number.
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