The main driver of growth was the group's jewelry houses.
The Richemont Group, specializing in luxury goods, reported increased sales at the end of the 2025/26 financial year, which ended in March. At constant exchange rates, the group's sales increased by 11%. At actual exchange rates, the growth was 5%.
Total sales for the past year amounted to €22.4 billion. Profit from continuing operations reached €3.5 billion, which is 27% higher than the previous period. The positive trend continued in the fourth quarter: sales grew by 13% at stable exchange rates. The main driver of growth in challenging market conditions was the group's jewelry houses (notably Cartier and Van Cleef & Arpels). Sales in the jewelry segment increased by 14% at constant exchange rates and by 8% at actual rates, totaling €16.5 billion.
The sales of the group's watch manufacturers showed a much more modest result - €3.1 billion. At actual exchange rates, this is a decrease of 4% compared to last year, but a small growth at fixed rates. In the second half of the year, watch brands such as A. Lange & Söhne, Jaeger-LeCoultre, and Vacheron Constantin showed improved performance.
Regarding specific regions, North and South America were the leaders in growth, followed by the Middle East and Africa. Sales in America grew by 8% at actual exchange rates and by 17% at fixed rates. The Middle East and Africa saw +6% at actual exchange rates and +13% at fixed rates.
Sales volumes in Europe increased by 7% at actual exchange rates and by 9% at constant rates. In the Asia-Pacific region, sales increased by 1% at actual rates and by 8% at constant rates; Richemont specifically noted moderate growth in China, Hong Kong, and Macau (calculated at constant exchange rates).
Growth was seen across all distribution channels: online sales grew by 12%, wholesale sales and royalty income by 8% and 9%, respectively.