On positive results in the third quarter.
The Richemont Group has reported its financial results for the third quarter of 2025, which ended on December 31. According to the report, from October to December, sales of the holding's watch brands increased by 7%. It is worth noting that Richemont's watch division includes brands such as A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, and Vacheron Constantin.
For the second consecutive quarter, Richemont's watch segment performance has been growing in North and South America, as well as in the Middle East and Africa, with double-digit growth. Meanwhile, over the past year, the company's stock price has risen by more than 23% (primarily due to improvements in China), despite a 1.5% drop in trading on the morning of January 15.
The steady growth of watch division sales is extremely important for Richemont, as a decline in turnover was observed following the peak in the 2022-2023 fiscal year.
Double-digit growth in the third quarter was also shown by Watchfinder & Co., the group's specialized division for trading pre-owned luxury watches. The jewelry houses of the group (Buccellati, Cartier, Van Cleef & Arpels, and Vhernier) grew by 14% at constant exchange rates. The group's total sales increased by 11% to €6.4 billion. Jewelry houses contributed €4.8 billion, while watches accounted for €872 million.
The report notes that the fastest growth was in direct sales through the retail network (+12%), which now accounts for 72% of the group's total turnover.
Wholesale sales increased by 9%, supported by double-digit growth in sales of jewelry and watch brands in all regions.
Online sales grew by 5%, mainly driven by the jewelry houses.