Richemont Stock CFR.SW
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. Richemont stock (CFR.SW): Quarterly and annual results since 2024 from Quarterly Report and IR documents: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 07/2026, quarterly reporting. Stock analysis by NadirAlpha. Richemont stock (CFR.SW): listed on SIX. NadirAlpha has evaluated 40 original documents, cross-checked every figure automatically and linked each to its source; sources as of 07/2026. Revenue Q1 FY2027 (Apr to Jun 2026): EUR 6.3 billion (+16% year on year). Latest reading: Revenue accelerating.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
Richemont Current Status
Summary of the most recent reporting period of Richemont (Q1 FY2027): core figures, drivers and management statements, every figure with a source number. NadirAlpha methodology
Assessment by NadirAlpha, as of Q1 FY2027 (Apr to Jun 2026).
“As we navigated through fast-evolving geopolitical and macroeconomic conditions, the Group maintained its long-term focus, prioritising Maisons' future growth prospects, whilst exercising discipline on costs and operational execution.”
Richemont Stock: Key Figures (€ million)
The core financial figures of Richemont stock in three views: fiscal years up to FY2027, half-years and quarters up to Q1 FY2027, in € million, most recent period first. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| 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 | 35 |
| FY2025 | Q2/2024–Q1/2025 | 21,399 | 4,467 | 2,751 | 4.67 | 4,443 | 28 |
| FY2024 | Q2/2023–Q1/2024 | 20,616 | 4,794 | 2,362 | 4.08 | 4,696 | 19 |
Half-years
| 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~ | 137 |
| 2026-H1* | Q2–Q3/2025 | 2025-11-14 | 10,619 | 2,358 | 1,813 | 3.08 | 1,502 | 3,116 | -6,519 | 32 |
| 2025-H2* | Q4/2024–Q1/2025 | 2025-05-16 | 11,322 | 2,261 | 2,294 | – | 2,489 | 5,293 | -8,257~ | 28 |
| 2025-H1* | Q2–Q3/2024 | 2024-11-08 | 10,077 | 2,206 | 457 | 0.78 | 914 | 3,229 | -6,108~ | 24 |
| 2024-H2* | Q4/2023–Q1/2024 | 2024-04-22 | 10,395 | 2,139 | 857 | – | 2,466 | 4,906 | -5,785~ | 3 |
| 2024-H1* | Q2–Q3/2023 | 2023-11-10 | 10,221 | 2,655 | 1,505 | 2.60 | 1,357 | 3,234~ | -5,785~ | 13 |
Quarters
| 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~ | 137 |
| 2026-Q3 | Q4/2025 | 2026-01-15 | 6,399 | – | -7,600 | 33 |
| 2026-Q2 | Q3/2025 | 2025-11-14 | 5,207 | 3,116 | -6,519 | 32 |
| 2026-Q1 | Q2/2025 | 2025-07-16 | 5,412 | – | -7,400 | 22 |
| 2025-Q4* | Q1/2025 | 2025-05-16 | 5,172 | 5,293 | -8,257~ | 28 |
| 2025-Q3 | Q4/2024 | 2025-01-16 | 6,150~ | – | – | 26 |
| 2025-Q2* | Q3/2024 | 2024-11-08 | 4,809~ | 3,229 | -6,108~ | 24 |
| 2025-Q1 | Q2/2024 | 2024-07-16 | 5,268~ | – | -7,300 | 15 |
| 2024-Q4* | Q1/2024 | 2024-05-17 | 4,802~ | 4,906 | -5,785~ | 19 |
| 2024-Q3 | Q4/2023 | 2024-01-18 | 5,593~ | – | -6,800 | 11 |
| 2024-Q2 | Q3/2023 | 2023-11-10 | 4,899 | 3,234~ | -5,785~ | 13 |
| 2024-Q1 | Q2/2023 | 2023-07-17 | 5,322 | – | -6,600 | 17 |
Richemont Balance Sheet & Cash Flow (€ million)
Balance sheet and cash flow of Richemont up to Q1 FY2027 in € million: net debt = financial debt minus cash, free cash flow = operating cash flow minus capex, every input sourced. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
| 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 | 35 |
| FY2025 | Q2/2024–Q1/2025 | 2025-05-16 | 5,293 | 5,989 | -8,257~ | 4,443 | 1,040 | 3,403 | 28 |
| FY2024 | Q2/2023–Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 4,696 | 873 | 3,823 | 19 |
Half-years
| 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 | 137 |
| 2026-H1 | Q2–Q3/2025 | 2025-11-14 | 3,116 | 5,988 | -6,519 | 1,854 | 352 | 1,502 | 32 |
| 2025-H2 | Q4/2024–Q1/2025 | 2025-05-16 | 5,293 | 5,989 | -8,257~ | 3,194 | 705 | 2,489 | 28 |
| 2025-H1 | Q2–Q3/2024 | 2024-11-08 | 3,229 | 5,987~ | -6,108~ | 1,249 | 335 | 914 | 24 |
| 2024-H2 | Q4/2023–Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 3,030 | 564 | 2,466 | 19 |
| 2024-H1 | Q2–Q3/2023 | 2023-11-10 | 3,234~ | 5,967 | -5,785~ | 1,666 | 309 | 1,357 | 13 |
Quarters
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | Source |
|---|---|---|---|---|---|---|
| 2026-Q4 | Q1/2026 | 2026-05-22 | 4,273 | 4,490 | -8,496~ | 137 |
| 2026-Q3 | Q4/2025 | 2026-01-15 | – | – | -7,600 | 33 |
| 2026-Q2 | Q3/2025 | 2025-11-14 | 3,116 | 5,988 | -6,519 | 32 |
| 2026-Q1 | Q2/2025 | 2025-07-16 | – | – | -7,400 | 22 |
| 2025-Q4 | Q1/2025 | 2025-05-16 | 5,293 | 5,989 | -8,257~ | 28 |
| 2025-Q2 | Q3/2024 | 2026-01-15 | 3,229 | 5,987~ | -6,108~ | 33 |
| 2025-Q1 | Q2/2024 | 2026-01-15 | – | – | -7,300 | 33 |
| 2024-Q4 | Q1/2024 | 2024-05-17 | 4,906 | 5,979~ | -5,785~ | 19 |
| 2024-Q3 | Q4/2023 | 2026-01-15 | – | – | -6,800 | 33 |
| 2024-Q2 | Q3/2023 | 2026-01-15 | 3,234~ | 5,967 | -5,785~ | 33 |
| 2024-Q1 | Q2/2023 | 2023-07-17 | – | – | -6,600 | 17 |
Richemont Stock: Price & Chart
Interactive price chart of Richemont stock (TradingView) and the trend of key figures from the core tables; the chart loads only after a click and then connects to TradingView. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
Richemont Event Timeline
NadirAlpha sorts 34 events of Richemont by quarter, most recent first, each with source number and event type, management quotes as direct quotes at the start of the quarter. NadirAlpha methodology
2027 · 3 events
Group sales rose 20% at constant exchange rates to 6,300 million, driven by strong local demand across all regions 40
Jewellery Maisons posted 24% sales growth, the seventh consecutive quarter of double-digit growth 40
Specialist Watchmakers delivered 8% sales growth with notable sequential improvement 40
2026 · 12 events
“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.”
Board proposes ordinary dividend of CHF 3.30 per A share, up 10% over prior year, plus a special dividend of CHF 1.00 per share 35
Richemont and Damiani Group announced agreement for Damiani to acquire full ownership of Baume & Mercier; closing expected summer 2026 35
Q3 group sales of 6,399 million euros, up 11% at constant exchange rates; Jewellery Maisons delivered 14% growth against a demanding prior-year comparison of +14% 33
Specialist Watchmakers posted 7% sales growth at constant rates, marking the second consecutive positive quarter 33
“Our Jewellery Maisons continued to excel, and we saw some encouraging signs at several Specialist Watchmakers and Fashion & Accessories Maisons.”
“The Group's multiple growth engines. All business areas were positive in Q2 at constant exchange rates.”
“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.”
H1 gross margin declined 190 basis points to 65.3%, attributable to adverse foreign exchange movements, higher raw material costs particularly gold, and additional US tariffs 31
US tariff impact on current fiscal year estimated at circa €0.3 billion, assuming current tariff rates remain in place 31
H1 group sales reached €10.6 billion, up 10% at constant rates; Q2 accelerated to +14% at constant rates with all regions posting double-digit growth in the quarter 34
Specialist Watchmakers sales declined 13% at both actual and constant exchange rates for the full year, primarily due to a 27% decline in Asia Pacific 29
“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.”
Q1 sales of 5,412 million euros, up 6% at constant exchange rates; Jewellery Maisons posted 11% growth, marking third consecutive quarter of double-digit growth 22
Sale of YNAP to Mytheresa closed April 2025; Richemont received a 36% stake in LuxExperience B.V., and net cash strengthened to €7.4 billion 22
Full-year gross margin declined 120 basis points to 66.9% and operating margin fell to 20.9%, driven by higher gold costs and unfavourable exchange rates 28
Sale of YOOX NET-A-PORTER to Mytheresa completed on 23 April 2025; Richemont retained a 33% equity stake in the combined group 28
2025 · 6 events
“I have every confidence that Cartier will continue to thrive under his leadership”
Q3 sales reached the highest-ever quarterly level at 6,150 million, up 10% at both constant and actual exchange rates, with Jewellery Maisons accelerating to 14% growth 26
Binding agreement entered into on 7 October 2024 to sell 100% of YOOX NET-A-PORTER to Mytheresa for 33% of Mytheresa's fully diluted share capital 25
“In the first half of this fiscal year, we continued to deliver sustained resilience in a world where uncertainty has become the norm.”
Acquisition of Italian jewellery Maison Vhernier completed on 12 September 2024 for €118 million 25
H1 gross margin declined 100 basis points to 67.2% due to higher raw material costs, particularly gold 24
Nicolas Bos appointed Group CEO on 1 June 2024; Louis Ferla and Catherine Rénier assumed leadership of Cartier and Van Cleef & Arpels on 1 September 2024 24
Group sales grew 1% at constant exchange rates against challenging comparatives; Specialist Watchmakers declined 13% due to Asia Pacific weakness 15
2024 · 13 events
“We always strive to create goodwill rather than buy goodwill.”
Net income more than doubled YoY (313.0 to EUR 2,362.0 million, +655%). 138
“We focus constantly on creating value rather than acquiring it.”
(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.”
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
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
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
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 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
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
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
“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.”
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
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
Agreement signed to acquire controlling stake in Gianvito Rossi, Italian luxury shoemaker, with completion expected before 31 March 2024 14
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
YOOX NET-A-PORTER reclassified and presented as discontinued operations, recording an 8% sales reduction at constant exchange rates 17
Richemont Business Model
The Richemont business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology
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 & Söhne, 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 directly operated boutiques in key global luxury destinations, accounting for 71% of Group sales, 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.
Richemont Stock: Share-Price Drivers
Factors Richemont itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology
Richemont's Jewellery Maisons division generated 4732 in revenue in 2027-Q1, up 24 percent and by far the largest contributor to group sales of EUR 6,300 million, so the division's trajectory dominates the company's top line 40.
Richemont reported Jewellery Maisons revenue of 4732 in 2027-Q1, up 24 percent year on year; high jewellery lines such as Van Cleef & Arpels l'Île au Trésor and Cartier En Equilibre, plus the Cartier Love Unlimited campaign, point to continued traction 40 34 31.
Specialist Watchmakers revenue was 873 in 2027-Q1, up 8 percent, a slower pace than jewellery; recent launches include the Jaeger-LeCoultre Reverso Duoface Small Seconds and the IWC Ingenieur Automatic 40 40 31.
In 2026-Q3 Richemont saw Japan grow 17 percent, Middle East & Africa 20 percent and the Americas 14 percent, while Asia Pacific rose a slower 6 percent and Europe 8 percent 33.
Retail revenue was 4601 in 2026-Q3, up 12 percent, outpacing wholesale and royalty income of 1385, up 9 percent, as Richemont opens and internalises boutiques such as Cartier in Ginza and Montblanc at the Mall of the Emirates 33 34.
Richemont plans the disposal of Baume & Mercier to the Damiani Group in summer 2026, following earlier additions such as Vhernier in 2024 38 29.
Richemont proposed an ordinary dividend of CHF 3.30 per share and a special dividend of CHF 1.00 per share in September 2026, supported by a cash position of EUR 4,273 million against net debt of EUR -8,496 million 38.
Sector trend: Across the luxury hard-goods sector the demand split is widening: jewellery sales are accelerating while watch sales grow more slowly, and regional momentum is strongest in Japan, the Middle East and the Americas 40 33. Richemont's change flags mark group growth as accelerating, with no formal guidance issued 40.
Richemont Revenue by Type (as of 2027-Q1 · EUR million · 19/28)
Revenue of Richemont split by segment or product type exactly as the company itself reports it; segment totals can deviate from group revenue. NadirAlpha methodology
| Segment | Since | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|
| Period 2027-Q1 (3M) | |||||
| Jewellery Maisons | 2023-H1 | 4,732 | 24% | – | 40 |
| Specialist Watchmakers | 2023-H1 | 873 | 8% | – | 40 |
| Other | 2023-H1 | 724 | 9% | – | 40 |
| Period FY2026 (12M) | |||||
| Watches | FY2026 | 6,815 | – | – | 38 |
| Other Maisons | FY2026 | 2,732 | – | – | 35 |
| Leather goods and accessories | FY2026 | 1,088 | – | – | 38 |
| Non-controlling interests in subsidiaries | FY2026 | 405 | – | – | 35 |
| Other | 2025-H1 | 2.7 | -2% | -3% | 36 |
| Jewellery Maisons | FY2024 | 16.5 | 8% | 30% | 36 |
| Watchmaking Maisons | 2024-H1 | 3.1 | -4% | 3% | 36 |
| Period FY2026 | |||||
| Other business area | – | – | – | – | 38 |
| Period 2026-Q3 (3M) | |||||
| Wholesale and royalty income | 2024-Q3 | 1,385 | 9% | – | 33 |
| Retail | 2023-Q3 | 4,601 | 12% | – | 33 |
| Asia Pacific | 2023-Q3 | 1,870 | 6% | – | 33 |
| Americas | 2023-Q3 | 1,740 | 14% | – | 33 |
| Europe | 2023-Q3 | 1,550 | 8% | – | 33 |
| Japan | 2023-Q3 | 632 | 17% | – | 33 |
| Middle East & Africa | 2023-Q3 | 607 | 20% | – | 33 |
| Online retail | 2023-Q3 | 413 | 5% | – | 33 |
| Period FY2025 (12M) | |||||
| Rest of the world | FY2025 | 29,480 | – | – | 29 |
| Switzerland | FY2025 | 9,416 | – | – | 29 |
| Other Businesses | FY2025 | 2,788 | 7% | – | 29 |
| Vacheron Constantin | FY2025 | 2,607 | – | – | 29 |
| Watchfinder&Co. | FY2025 | 2,170 | – | – | 29 |
| Haute Horlogerie Maisons | FY2025 | 3.3 | -13% | 5% | 30 |
| Period FY2024 (12M) | |||||
| Online Distributors | FY2023 | 2,607 | – | – | 21 |
| Period 2024-H1 (6M) | |||||
| Maisons joaillères | 2024-H1 | 2,500 | 10% | 35% | 13 |
| Period 2023-Q3 (9M) | |||||
| Wholesale & royalty income | 2023-Q3 | 1,294 | 1% | – | 9 |
Richemont Products & announcements (69/229 active+recent)
Product announcements of Richemont from the reports: market launches, approvals, partnerships, with first mention and source; discontinued products are shown in grey. NadirAlpha methodology
Status: PlannedLaunched
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Proposed ordinary dividend of CHF 3.30 per share and special dividend of CHF 1.00 per share | 2026-09 | 38 | |
| Homo Faber Biennial returning to Fondazione Giorgio Cini, Venice in September 2026 | 2026-09 | 38 | |
| Serapian one-year anniversary celebration of Tokyo flagship boutique | 2026-06 | 38 | |
| Serapian unveiling new boutique in Rome on Via del Babuino | 2026-04 | 38 | |
| Serapian participation in Milan Design Week with decorative screen by Bethan Laura Wood | 2026-04 | 38 | |
| Homo Faber Fellowship 2024/25 final exhibition presented at Milan Design Week in April 2026 | 2026-04 | 38 | |
| 150 artisans across US and Canada to join Homo Faber Guide in spring 2026 | 2026-04 | 38 | |
| dunhill Spring/Summer 2026 show at Museo Poldi Pezzoli private gardens Milan | 2026-03 | 38 | |
| dunhill planned boutique openings on New Bond Street London and Madison Avenue New York | 2026 | 38 | |
| dunhill opening in Dubai Mall and refurbishments in China and Japan | 2026 | 38 | |
| Watchfinder refurbishment of The Royal Exchange boutique in London | 2026 | 38 | |
| Watchfinder opening first US boutique in SoHo New York | 2026 | 38 | |
| Watchfinder opening boutique at La Vallée Village outside Paris | 2026 | 38 | |
| Vhernier, Panerai and Buccellati openings in Mall of the Emirates Dubai | 2026 | 38 | |
| Vhernier new atelier construction in Valenza | 2026 | 38 | |
| Vhernier boutique at Peninsula Hong Kong (first in Asia) (3x) | 2026 | 38 | |
| Van Cleef & Arpels reopening K11 MUSEA boutique after major renovations and expansion to duplex space | 2026 | 38 | |
| Van Cleef & Arpels opening in The Hyundai Seoul (2x) | 2026 | 38 | |
| Van Cleef & Arpels flagship relocation in Tokyo Ginza | 2026 | 38 | |
| Van Cleef & Arpels boutique expansions in Europe, Middle East and Asia | 2026 | 38 | |
| Van Cleef & Arpels Alhambra novelties, Flowerlace and Fleurs d'Hawaï jewellery lines | 2026 | 38 | |
| Piaget flagship renovation on Place Vendôme, Paris (2x) | 2026 | 38 | |
| Piaget flagship expansion in Paris (2x) | 2026 | 38 | |
| Peter Millar opening boutiques in San Diego and Columbus Ohio | 2026 | 38 | |
| Peter Millar expansion into broader lifestyle proposition | 2026 | 38 | |
| Peter Millar 25th anniversary celebration in 2026 | 2026 | 38 | |
| Multiple Maison flagship store openings and renovations | 2026 | 38 | |
| Montblanc transformation with focus on writing instruments and brand initiatives | 2026 | 38 | |
| Montblanc second short film with Wes Anderson titled 'Let's Write' | 2026 | 38 | |
| Montblanc flagship in Sydney (2x) | 2026 | 38 | |
| Montblanc boutique openings at Marina Bay Sands Singapore, Riyadh, Sydney and Guadalajara | 2026 | 38 | |
| Montblanc Meisterstuck Around the World in 80 Days Third Edition | 2026 | 38 | |
| Montblanc High Artistry: A Journey through the Chateau de Versailles limited-edition collection | 2026 | 38 | |
| James Purdey & Sons launch of innovative Purdey Bolt-Action Rifle | 2026 | 38 | |
| James Purdey & Sons introduction of exclusive Tom Purdey Tweed | 2026 | 38 | |
| Jaeger-LeCoultre boutique renovation in Costa Mesa | 2026 | 38 | |
| Ikebukuro Seibu Japan redevelopment with openings for multiple Maisons | 2026 | 38 | |
| Gianvito Rossi introduction of Sofia heel designed by Creative Director Gianvito Rossi and named after his daughter | 2026 | 38 | |
| Gianvito Rossi 20th anniversary celebration in Autumn 2026 | 2026 | 38 | |
| G/FORE openings at Ginza Six Tokyo and Plaza 66 Shanghai | 2026 | 38 | |
| G/FORE launch of MG4+ O2 shoe in spiked and spikeless versions | 2026 | 38 | |
| Delvaux Le Brillant Tempo bag launch | 2026 | 38 | |
| Chloe opening of seven new boutiques globally including Saint-Tropez resort location and Sydney store | 2026 | 38 | |
| Chloe first boutique in Australia | 2026 | 38 | |
| Chloé High Summer Collection | 2026 | 38 | |
| Cartier relocation in Royal Poinciana Palm Beach Florida | 2026 | 38 | |
| Cartier opening in Sommerset Mall Troy Michigan | 2026 | 38 | |
| Cartier opening in Shinsegae Main Seoul | 2026 | 38 | |
| Cartier flagship renovation in Miami Design District (2×) | 2026 | 38 | |
| Cartier Love Unlimited pieces, Clash coloured additions, new Panthère and Santos watch creations | 2026 | 38 | |
| Cartier La Villa project launching in Dubai | 2026 | 38 | |
| Buccellati relocation in Chengdu IFS from third floor to ground floor | 2026 | 38 | |
| Buccellati opening new boutique in Galaxy Macau SAR China | 2026 | 38 | |
| Buccellati opening in Shinsegae Centum | 2026 | 38 | |
| Buccellati flagship boutique expansion in Hong Kong | 2026 | 38 | |
| Buccellati Etoilée line coloured pieces and haute couture bejewelled bags | 2026 | 38 | |
| Baume & Mercier Joia de Baume & Mercier collection launch for women | 2026 | 38 | |
| Alaïa flagship openings planned in Miami and Los Angeles | 2026 | 38 | |
| Alaïa Winter Spring 25 show and Summer Fall 25 Archetypes collections | 2026 | 38 | |
| A. Lange & Söhne relocation and expansion in Shanghai Nanjing West Road | 2026 | 38 | |
| A. Lange & Söhne opening on Bond Street London (3×) | 2026 | 38 | |
| A. Lange & Söhne 1815 Tourbillon | 2026 | 38 | |
| 2025 | |||
| Vacheron Constantin 270th anniversary celebrations (3x) | 2025 | 38 | |
| Alaia boutique in Beijing Sanlitun (4x) | 2025 | 38 | |
| 2024 | |||
| Opening of IWC flagship on Madison Avenue, New York (3x) | 2024 | 38 | |
| 2023 | |||
| dunhill new leather collection launched (2x) | 2023 | 38 | |
| Jaeger-LeCoultre Reverso Tribute models (3x) | 2023 | 38 | |
| IWC Paris flagship opening (7x) | 2023 | 38 | |
| 2022 | |||
| Piaget Polo 79 (2×) | 2022 | 38 | |
| 2025 | |||
| Alaïa new e-commerce platform launch | 2025-11 | 38 | |
| KPMG SA appointment as auditor | 2025-09 | 34 | |
| Homo Faber Capsule exhibition held in Seville, Spain in September 2025 | 2025-09 | 38 | |
| Cartier new branding campaign and Love Unlimited line | 2025-09 | 31 | |
| Van Cleef & Arpels l'Ile au Tresor high jewellery line | 2025-06 | 34 | |
| Cartier En Equilibre high jewellery line | 2025-06 | 34 | |
| LuxExperience listing | 2025-05 | 30 | |
| EUR 100 million six-year revolving credit facility provided to YNAP | 2025-04 | 31 | |
| G/FORE elevated to distinct Maison status | 2025-02 | 29 | |
| Van Cleef & Arpels relocation Zurich (12x) | 2025 | 34 | |
| Vacheron Constantin Munich boutique opening (2x) | 2025 | 24 | |
| Vacheron Constantin Historiques 222 steel model reintroduction | 2025 | 29 | |
| Vacheron Constantin 270th Anniversary celebration and La Quete du Temps timepiece display at the Louvre | 2025 | 31 | |
| Vacheron Constantin 1755 flagship relocation in Cheongdam (2x) | 2025 | 34 | |
| Roger Dubuis Geneva Lounge re-opening at Place du Molard | 2025 | 38 | |
| Roger Dubuis 30th anniversary of Tourbillon | 2025 | 29 | |
| Purdey Royal Berkshire Shooting School refurbishment (2x) | 2025 | 38 | |
| Piaget Sixtie jewellery watch | 2025 | 31 | |
| Panerai 'The Depths of Time' exhibition in Florence, NYC, Miami, Shanghai | 2025 | 38 | |
| Montblanc store at Mall of the Emirates internalization (2x) | 2025 | 34 | |
| Montblanc Chengdu flagship opening | 2025 | 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 | 29 | |
| Jaeger-LeCoultre new flagship boutiques in Boston, Kuala Lumpur, Melbourne | 2025 | 38 | |
| Jaeger-LeCoultre Reverso Duoface Small Seconds | 2025 | 31 | |
| Jaeger-LeCoultre Kuala Lumpur Pavilion boutique major renovation (2x) | 2025 | 34 | |
| Jaeger-LeCoultre Duometre Quantieme Lunaire launch | 2025 | 28 | |
| IWC Taichung boutique opening (2x) | 2025 | 34 | |
| Homo Faber Fellowship programme second edition | 2025 | 29 | |
| G/FORE New York store opening (2x) | 2025 | 21 | |
| Chloe Saint-Tropez boutique opening (3x) | 2025 | 34 | |
| Chloe Paddington bag relaunch | 2025 | 38 | |
| Cartier on Collins Street boutique renovation (2x) | 2025 | 34 | |
| Cartier Trinity collection centennial anniversary | 2025 | 29 | |
| Cartier South Coast Plaza re-opening | 2025 | 28 | |
| Cartier Love hinge collection launch (3x) | 2025 | 38 | |
| Cartier Dubai Mall store re-opening | 2025 | 28 | |
| Buccellati Riyadh flagship opening | 2025 | 28 | |
| Buccellati Opera Tulle collection addition | 2025 | 28 | |
| Buccellati Mall of the Emirates boutique opening (2x) | 2025 | 34 | |
| A. Lange & Sohne exclusive boutiques opened in London, Singapore, Shanghai, Sydney, Chicago, Doha, Shenzhen, Riyadh, Beijing | 2025 | 38 | |
| A. Lange & Söhne Lange 1 Platinum launch | 2025 | 28 | |
| 2024 | |||
| Homo Faber 2024 exhibition | 2024-09 | 29 | |
| Appointment of Louis Ferla as President and CEO of Cartier | 2024-09 | 25 | |
| Appointment of Catherine Rénier as CEO of Van Cleef & Arpels | 2024-09 | 25 | |
| Appointment of Nicolas Bos as Chief Executive Officer | 2024-06 | 25 | |
| IWC Portugieser Eternal Calendar launch | 2024-04 | 29 | |
| Launch of Le Voyage Recommencé collection (2x) | 2024-03 | 21 | |
| dunhill debut collection launch under Creative Director Simon Holloway | 2024 | 29 | |
| Watchfinder certified pre-owned programme with Vacheron Constantin (2x) | 2024 | 29 | |
| Vacheron Constantin Overseas green dial models launch | 2024 | 29 | |
| Vacheron Constantin Métiers d'Art 'Tribute to Traditional Symbols' series launch | 2024 | 29 | |
| Vacheron Constantin Berkley Grand Complication reveal | 2024 | 29 | |
| Piaget 150th anniversary celebration (2x) | 2024 | 38 | |
| Peter Millar new fulfilment centre opening | 2024 | 29 | |
| Peter Millar New York flagship boutique relocation | 2024 | 29 | |
| Panerai Taipei 101 store opening | 2024 | 21 | |
| Montblanc Oxygen collection | 2024 | 21 | |
| Montblanc Nicolas Rieussec chronograph limited edition launch | 2024 | 29 | |
| Montblanc Meisterstück Traveller Limited Edition 1924 fountain pen launch | 2024 | 29 | |
| Montblanc 100 years Meisterstück celebration | 2024 | 21 | |
| Jaeger-LeCoultre perpetual calendar introduction | 2024 | 21 | |
| Jaeger-LeCoultre Portugieser collection unveiling | 2024 | 21 | |
| Jaeger-LeCoultre Munich store opening | 2024 | 21 | |
| Gianvito Rossi boutiques opening in China (Deji Plaza Nanjing, Wuhan, Xi'an) | 2024 | 29 | |
| Gianvito Rossi boutique in Dallas (6x) | 2024 | 34 | |
| Gianvito Rossi Portofino sandal 10th anniversary celebration with limited edition metallic colours | 2024 | 29 | |
| G/FORE G/18 golf shoe launch | 2024 | 29 | |
| G/FORE Beverly Hills boutique opening | 2024 | 29 | |
| Delvaux flagship opening in Bangkok, Thailand | 2024 | 29 | |
| Delvaux flagship opening at South Coast Plaza, US | 2024 | 29 | |
| Delvaux Magritte collection new edition | 2024 | 29 | |
| Chloé reintroduction of iconic flou dresses, blouses, denim and trousers | 2024 | 29 | |
| Chloé Autumn/Winter 2024 collection | 2024 | 21 | |
| Cartier Ginza boutique opening (8x) | 2024 | 34 | |
| Alaïa Couture collection | 2024 | 21 | |
| 2023 | |||
| Shareholder Loyalty Scheme warrant conversion | 2023-11 | 14 | |
| A. Lange & Söhne Zeitwerk Minute Repeater Honeygold premiere | 2023-10 | 21 | |
| Watchfinder&Co. marketplace launch | 2023-04 | 10 | |
| Watchfinder third-party marketplace launch in United Kingdom | 2023-04 | 14 | |
| Watchfinder&Co. Qatar lounge | 2023-01 | 10 | |
| dunhill ready-to-wear refreshed collection | 2023 | 21 | |
| dunhill Society Jacket | 2023 | 10 | |
| YOOX pre-owned fashion | 2023 | 10 | |
| YOOX NET-A-PORTER 8 By YOOX private label | 2023 | 21 | |
| YOOX Home Decor + Art category | 2023 | 10 | |
| Watchfinder&Co. third-party pre-owned marketplace | 2023 | 21 | |
| Watchfinder&Co. Middle East retail space | 2023 | 10 | |
| Watches and Wonders Geneva 2023 | 2023 | 10 | |
| Van Cleef & Arpels Expansion - Chengdu (3x) | 2023 | 10 | |
| Vacheron Constantin retrograde across Patrimony, Traditionnelle and Overseas | 2023 | 21 | |
| Vacheron Constantin metiers d'art timepieces | 2023 | 10 | |
| Vacheron Constantin Les Cabinotiers Dual Moon Grand Complication | 2023 | 21 | |
| THE OUTNET resale service | 2023 | 10 | |
| Serapian digital bespoke experience | 2023 | 10 | |
| Roger Dubuis Monovortex Split-Seconds Chronograph | 2023 | 21 | |
| Roger Dubuis Excalibur Spider Pirelli (2x) | 2023 | 21 | |
| Purdey London Sporter relaunch | 2023 | 10 | |
| Piaget Possession new Decor Palace bracelet | 2023 | 21 | |
| Piaget Polo perpetual calendar | 2023 | 21 | |
| Piaget Flagship - Canton Road Hong Kong | 2023 | 10 | |
| Piaget Altiplano Ultimate concept 2mm | 2023 | 21 | |
| Piaget Altiplano Ultimate Automatic 910P | 2023 | 21 | |
| Peter Millar Scottsdale boutique | 2023 | 10 | |
| Peter Millar Crown Crafted line | 2023 | 29 | |
| Panerai Salon - Zurich | 2023 | 10 | |
| Panerai Radiomir Tourbillon GMT Bronzo | 2023 | 21 | |
| Panerai Radiomir Quaranta | 2023 | 21 | |
| Panerai Radiomir Annual Calendar P.9010/AC | 2023 | 21 | |
| NET-A-PORTER UK clothing care and repair service | 2023 | 10 | |
| Montblanc Suite 4810 Champs-Elysees | 2023 | 10 | |
| Montblanc Iced Sea timepiece collection | 2023 | 21 | |
| Montblanc Extreme 3.0 leather goods | 2023 | 21 | |
| Montblanc 1858 Iced Sea Automatic Date watch | 2023 | 10 | |
| Maison Vacheron 1755 - Shanghai | 2023 | 10 | |
| Launch of Mosaico collection (2x) | 2023 | 21 | |
| Launch of Le Grand Tour collection (5x) | 2023 | 31 | |
| Jaeger-LeCoultre Salon - Beverly Hills | 2023 | 10 | |
| Jaeger-LeCoultre Reverso Hybris Artistica Calibre 179 | 2023 | 21 | |
| Jaeger-LeCoultre Collectibles programme | 2023 | 10 | |
| IWC Salon - Taikoo Hui Shanghai | 2023 | 10 | |
| IWC Portofino collections in 34 and 37 millimeters | 2023 | 10 | |
| IWC Pilot's Watch Performance Chronograph | 2023 | 21 | |
| IWC Ingenieur Automatic 40 (2x) | 2023 | 31 | |
| IWC Flagship Store - Shinjuku | 2023 | 10 | |
| Gianvito Rossi Vali bag collection | 2023 | 21 | |
| G/FORE G.112 and GALLIVAN2R shoe capsules | 2023 | 21 | |
| Delvaux boutique opening Korea (6x) | 2023 | 34 | |
| Delvaux Tempete XL bag | 2023 | 21 | |
| Delvaux Saudi Arabia opening | 2023 | 10 | |
| Delvaux Omotesando relocation Tokyo (3x) | 2023 | 21 | |
| Delvaux Malaysia opening | 2023 | 10 | |
| Chloe 15 new store openings | 2023 | 10 | |
| Cartier flagship Paris renovation (3x) | 2023 | 21 | |
| Cartier Grain de Cafe collection launch | 2023 | 21 | |
| Cartier Flagship Boutique Reopening - Paris 13 Rue de la Paix | 2023 | 10 | |
| Cartier Flagship Boutique - Sydney (3×) | 2023 | 10 | |
| Baume & Mercier Riviera collection expansion (2×) | 2023 | 21 | |
| Alaïa US Boutique - Soho New York | 2023 | 10 | |
| Alaïa Tokyo boutique opening (2×) | 2023 | 10 | |
| Richemont Maisons adoption of Farfetch technology | 2023 | 6 | |
| A. Lange & Söhne Salon - Zurich | 2023 | 10 | |
| 2022 | |||
| Watchfinder&Co. Bicester Village boutique | 2022-11 | 10 | |
| Serapian ephemeral Paris boutique | 2022-10 | 10 | |
| Piaget Solstice collection | 2022-07 | 10 | |
| AZ Factory pop-up Paris | 2022-07 | 10 | |
| Montblanc Haus Hamburg | 2022-05 | 10 | |
| Montblanc Meisterstück collection relaunch Paris (3×) | 2022-04 | 29 | |
| Delvaux Lingot bag | 2022-04 | 10 | |
| Vacheron Constantin Les Cabinotiers Royaumes Aquatiques | 2022 | 10 | |
| Roger Dubuis Q-LAB dedicated space | 2022 | 10 | |
| Piaget Polo 42mm Steel with green skeleton dial | 2022 | 10 | |
| Panerai Submersible QuarantaQuattro | 2022 | 10 | |
| Panerai Luminor Due Luna | 2022 | 10 | |
| Jaeger-LeCoultre Stellar Odyssey | 2022 | 10 | |
| IWC Colors of TOP GUN collection | 2022 | 10 | |
| Cartier Tank Française relaunch | 2022 | 21 | |
| Cartier Clash [Un]limited jewellery collection | 2022 | 10 | |
| Cartier Beautes du Monde High Jewellery collection | 2022 | 10 | |
| A. Lange & Söhne Zeitwerk new generation | 2022 | 10 | |
| A. Lange & Söhne Odysseus Honeygold (3×) | 2022 | 31 | |
Richemont Transactions & Events (50)
Transactions of Richemont since 2024: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology
Acquisitions by Richemont
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Acquisition of Baume & Mercier by Damiani Group | 2026-08 | Completed | 36 |
| Baume & Mercier divestiture (4×) | 2026-01 | Completed | 38 |
| 2025 | |||
| 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 |
| Gianvito Rossi full year contribution | 2025 | Completed | 29 |
| 2024 | |||
| 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 |
| 2023 | |||
| 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 |
| 2022 | |||
| Watchfinder acquisition and integration into Other business area | 2022 | Completed | 5 |
| 2021 | |||
| Delvaux acquisition | 2021-06 | Completed | 5 |
| 2019 | |||
| Buccellati acquisition | 2019 | Completed | 10 |
Divestitures and exits by Richemont
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Baume & Mercier announced sale agreement | 2026 | Divested | 38 |
| 2025 | |||
| 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 |
| 2024 | |||
| 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 |
| 2023 | |||
| 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 |
| 2022 | |||
| Sale of controlling interest in YNAP | 2022-08 | Divested | 10 |
Partnerships and contracts of Richemont
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Peter Millar partnership with National Football League | 2026 | Agreement | 38 |
| IWC Pilot's Watches partnership with Vast space station | 2026 | Agreement | 38 |
| 2024 | |||
| Vacheron Constantin Educational Institute of the Palace Museum Beijing partnership | 2024 | Agreement | 29 |
| 2023 | |||
| Vacheron Constantin partnership with The New York Metropolitan Museum of Art | 2023 | Agreement | 21 |
Richemont Risks (36 since the annual report of 2026-05-28, 139 tracked in total)
Which risks Richemont has named since the annual report, company-specific first, generic standard risks in the expandable part; first mention refers to the document base from 2023. NadirAlpha methodology
Category: GeopoliticsMacroRegulatoryFinancialCustomersMarketSupply chainCompetitionLegal
| Risk | Category | Last reported |
|---|---|---|
| Richemont: first mention in IR-Quarter quarterly report of 2026-07-15 (2027-Q1), source 40 | ||
| Middle East conflict resulted in significant drop in tourist spending, partially offset by robust local demand | = | |
| Retail stores heavily dependent on consumer travel; decline in traffic could negatively impact sales | = | |
| Volatile macroeconomic and geopolitical environment driving elevated raw material costs | = | |
| Richemont: first mention in IR-Annual annual report of 2025-05-16 (FY2025), source 28 | ||
| International tariffs and trade restrictions on materials/goods could reduce margins or increase prices | 2027-Q1 2026-07-15 40 | |
| Richemont: first mention in IR-Annual annual report of 2026-05-28 (FY2026), source 38 | ||
| Inventory levels increased 8% to €9.7bn due to strong sales growth and higher raw material costs | = | |
| March 2026 conflict in Middle East disrupted growth, causing Q4 sales decline of 3% at constant rates | = | |
| Customer concentration risks across luxury retail sector | = | |
| Americas and other regions navigated ongoing economic headwinds despite solid growth achievement | = | |
| Additional US duties affecting operating margin | = | |
| Challenging watch market in China with only slight combined growth in Hong Kong SAR/Macau | = | |
| Richemont: first mention in IR-Annual annual report of 2026-05-22 (FY2026), source 37 | ||
| Additional US customs duties, particularly in second half, reduced profitability | = | |
| Increased international tariffs on imported materials and goods could lead to higher prices and reduced margins | = | |
| Watch market challenged over 24-month period; Specialist Watchmakers sales down despite sequential recovery | = | |
| Richemont: first mention in IR-Annual annual report of 2026-05-22 (FY2026), source 36 | ||
| Hausse des coûts de matières premières notamment or affecte marges | = | |
| Unfavorable currency movements affect margins and results | = | |
| Macroeconomic uncertainties, notably in the Middle East; impact of conflict in March | = | |
| Richemont: first mention in IR-Annual annual report of 2026-05-22 (FY2026), source 35 | ||
| Investment property valuations Level 3 in fair value hierarchy; based on unobservable inputs including capitalisation rates 2.00%-4.38% | = | |
| Provisions for legal claims recognised; outcomes not expected to result in material losses beyond provided amounts | = | |
| Group has unrecognised deferred tax assets of €11,441 million from tax losses; majority with no expiry or maximum 5-17 year expiry | = | |
| Gold price increases combined with currency movements negatively impacted Jewellery and Specialist Watchmakers profitability. | = | |
| Sales in China, Hong Kong and Macau combined grew by only low single digits at constant rates despite improved momentum in summer. | = | |
| Watch market faced challenging 24-month period with decline in China offsetting growth in other regions. | = | |
| Additional US customs duties, to a lesser extent, impacted margins particularly in second half of year. | = | |
| Richemont: first mention in IR-Quarter quarterly report of 2026-01-15 (2026-Q3), source 33 | ||
| Unfavourable foreign exchange movements and weaker main trading currencies impacted results | FY2026 2026-05-22 37 | |
| Richemont: first mention in IR-Half half-year report of 2025-11-14 (2026-H1), source 34 | ||
| Unfavourable currency movements impacting gross margin and reported sales growth | FY2026 2026-05-28 38 | |
| Richemont: first mention in IR-Annual annual report of 2025-07-14 (FY2025), source 29 | ||
| Gianvito Rossi CGU recoverable value exceeded carrying value by only €16 million; sensitive to key assumption changes | FY2026 2026-05-22 35 | |
| Persistently volatile geopolitical environment including Middle East conflict affecting regional sales | FY2026 2026-05-28 38 | |
| Higher raw material costs pressured gross margin alongside US customs duties, particularly in H2 | FY2026 2026-05-28 38 | |
| Richemont: first mention in IR-Half half-year report of 2024-11-08 (2025-H1), source 24 | ||
| Sales in mainland China and combined China/Hong Kong/Macau showed only low single-digit growth at constant rates | FY2026 2026-05-28 38 | |
| Higher raw material costs, notably higher gold prices, impacting profitability | FY2026 2026-05-28 38 | |
| Richemont: first mention in IR-Quarter quarterly report of 2024-01-18 (2024-Q3), source 11 | ||
| International conflicts, wars and sanctions may impact importation/exportation of products and raw materials | FY2026 2026-05-22 37 | |
| Richemont: first mention in IR-Half half-year report of 2023-11-10 (2024-H1), source 14 | ||
| Adverse exchange rate movements significantly impacted gross profit margin, reducing it 250bp to 64.4% | FY2026 2026-05-28 38 | |
| Travel restrictions and store closures could impact customer demand | FY2026 2026-05-22 36 | |
| Richemont: first mention in IR-Annual annual report of 2023-05-11 (FY2023), source 10 | ||
| No sole customer represents more than 10% of total revenue | FY2026 2026-05-28 38 | |
| Retail stores heavily dependent on consumer ability and desire to travel and shop | FY2026 2026-05-22 37 | |
| Richemont: first mention in IR-Half half-year report of 2022-11-11 (2023-H1), source 5 | ||
| Decline in consumer traffic could affect store sales and profitability | FY2026 2026-05-22 36 | |
Richemont Reported KPIs (as disclosed) (168)
The story KPIs of Richemont that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology
| KPI | Value / change | Source |
|---|---|---|
| Richemont, published 2026-07-15, period 2027-Q1 | ||
| net cash position | 9.1 billion | 40 |
| Richemont, published 2026-05-28, period FY2026 | ||
| shareholders equity pct | 57% | 38 |
| net cash position | 8 496 | 38 |
| net cash | € 8 496 million | 38 |
| investments externally managed money market funds | 8 713 | 38 |
| wholesale sales as % of total sales | 23% | 38 |
| Retail sales as % of total sales | 71% | 38 |
| Operating profit margin | 20.0% | 38 |
| Operating margin (Group) | 20.0% | 38 |
| Jewellery Maisons operating margin | 30.5% | 38 |
| Gross profit margin | 64.4% | 38 |
| Effective Tax Rate | 20.4% | 38 |
| Direct-to-client sales as % of total sales | 77% | 38 |
| Direct-to-client sales | 77% | 38 |
| Current financial assets | 1 434 | 38 |
| Richemont, published 2026-05-22, period FY2026 | ||
| operating margin | 20.0% | 37 |
| net cash position | € 8.5 billion | 37 |
| gross profit | 14 438 | 37 |
| gross margin | 64.4% | 37 |
| direct to client sales pct | 77% | 37 |
| Richemont, published 2025-11-21, period 2026-H1 | ||
| Specialist Watchmakers operating margin | 3.2% | 31 |
| Operating margin | 22.2% | 31 |
| Jewelry Maisons operating margin | 32.8% | 31 |
| Gross margin | 65.3% | 31 |
| Direct-to-client sales | 76% | 31 |
| Richemont, published 2025-11-14, period 2026-H1 | ||
| Specialist Watchmakers operating margin | 3.2% | 34 |
| Operating margin | 22.2% | 34 |
| Jewellery Maisons operating margin | 32.8% | 34 |
| Gross margin | 65.3% | 34 |
| Richemont, published 2025-07-14, period FY2025 | ||
| Specialist watchmakers margin | 5.3% | 29 |
| operating margin | 20.9% | 29 |
| net cash position | 8 257 | 29 |
| Jewellery maisons margin | close to 32% | 29 |
| Fashion accessories operating margin excl inventory | -2% | 29 |
| Direct to client sales percentage | 76% | 29 |
| Warranties and sales-related provisions | 234 (EUR €m) | 29 |
| Special dividend per share | – | 29 |
| Shareholders' equity percentage | 54% | 29 |
| Other long-term financial liabilities | 206 | 29 |
| Other lease liabilities | 33 | 29 |
| Other assets | 29 (EUR €m) | 29 |
| Ordinary dividend per share | CHF 3.00 | 29 |
| Maisons collections | 417 | 29 |
| Lowest price | CHF 112.80 | 29 |
| Lease deposits | 151 (EUR €m) | 29 |
| Highest price | CHF 187.55 | 29 |
| Gross margin | 66.9% | 29 |
| Deferred tax liabilities | 313 | 29 |
| Deferred tax assets | 1047 (EUR €m) | 29 |
| Carrying value equity accounted investments | 667 | 29 |
| Average number of employees from discontinued operations | 3 231 | 29 |
| Average number of employees from continuing operations | 38 896 | 29 |
| Richemont, published 2025-05-16, period FY2025 | ||
| Specialist Watchmakers sales | 3 283 | 28 |
| specialist watchmakers operating margin % | 5.3% | 28 |
| shareholders equity % of total | 54% | 28 |
| retail sales % of group | 70% | 28 |
| other business area sales | € 2.8 billion | 28 |
| other business area operating margin % | -3.7% | 28 |
| operating margin % | 20.9% | 28 |
| jewelry maisons sales | € 15.3 billion | 28 |
| jewelry maisons operating margin % | 31.9% | 28 |
| jewelry maisons direct to client % | 84% | 28 |
| gross margin % | 66.9% | 28 |
| gross cash | € 14 246 million | 28 |
| direct to client sales pct | 76% | 28 |
| Richemont, published 2025-01-16, period 2025-Q3 | ||
| Retail contribution to Group sales | 71% | 26 |
| net cash position | 7.9 billion | 26 |
| YNAP net cash position | 0.2 billion | 26 |
| Richemont, published 2024-11-15, period 2025-H1 | ||
| Gross cash position | € 12 107 m | 25 |
| Richemont, published 2024-11-08, period 2025-H1 | ||
| Specialist Watchmakers sales | 1.7 billion | 24 |
| Specialist watchmakers operating margin | 9.7% | 24 |
| Retail sales pct | 70% | 24 |
| operating margin | 21.9% | 24 |
| Jewellery maisons sales | 7.1 billion | 24 |
| Jewellery maisons operating margin | 32.9% | 24 |
| gross margin | 67.2% | 24 |
| direct to client sales pct | 76% | 24 |
| Richemont, published 2024-09-23, period FY2024 | ||
| Taxonomy-non-eligible turnover | 98.3% | 16 |
| Taxonomy-non-eligible OpEx | 45.0% | 16 |
| Taxonomy-non-eligible CapEx | 33.5% | 16 |
| Taxonomy-eligible turnover percentage | 1.7% | 16 |
| Taxonomy-eligible OpEx percentage | 55.0% | 16 |
| Taxonomy-eligible CapEx percentage | 66.5% | 16 |
| Richemont, published 2024-09-09, period FY2024 | ||
| net cash position | 7 450 | 21 |
| Wholesale contribution to sales (prior year) | 26% | 21 |
| Wholesale contribution to sales | 25% | 21 |
| Warranty claims provision | € 47 million | 21 |
| Warranties provision to be used within | € 145 million | 21 |
| Warranties and sales returns provision | € 192 million | 21 |
| Variable rental payments | 709 | 21 |
| Unrecognised deferred tax assets on losses carried forward | 10 137 | 21 |
| total taxation charge | 837 | 21 |
| Total segment assets | 8 909 | 21 |
| Total lease liabilities (carrying value) | (4 288) | 21 |
| Total cash outflow for leases | 1 649 | 21 |
| Specialist Watchmakers operating margin (prior year) | 19.0% | 21 |
| Specialist Watchmakers operating margin | 15.2% | 21 |
| Short-term leases expense | 89 (EUR €m) | 21 |
| Share premium from warrant exercise | € 1 162 million | 21 |
| Sales return asset | 32 (EUR €m) | 21 |
| Right-of-use assets - Total | 5 325 | 21 |
| Right-of-use assets - Other assets | 68 (EUR €m) | 21 |
| Right-of-use assets - Land and buildings | 5 257 | 21 |
| Retail contribution to sales (prior year) | 68% | 21 |
| Retail contribution to sales | 69% | 21 |
| RISA Foundation property | € 39 million | 21 |
| Prepayments | 171 | 21 |
| Other business area operating margin (prior year) | 2.2% | 21 |
| Other business area operating margin | -1.6% | 21 |
| Other assets | 24 (EUR €m) | 21 |
| Operating profit margin | 23.3% | 21 |
| Operating margin from continuing operations (prior year) | 25.2% | 21 |
| Operating margin from continuing operations | 23.3% | 21 |
| Online retail contribution to sales | 6% | 21 |
| Market value of treasury shares held | € 831 million | 21 |
| Maisons' collections | 387 | 21 |
| Low-value asset leases expense | 15 (EUR €m) | 21 |
| Lease liability - More than 5 years | (1 484) | 21 |
| Lease liability - Current | (768) | 21 |
| Lease liability - Between 4-5 years | (366) | 21 |
| Lease liability - Between 3-4 years | (508) | 21 |
| Lease liability - Between 2-3 years | (579) | 21 |
| Lease liability - Between 1-2 years | (678) | 21 |
| Lease deposits | 140 (EUR €m) | 21 |
| Jewellery Maisons operating margin (prior year) | 34.9% | 21 |
| Jewellery Maisons operating margin | 33.1% | 21 |
| Interest charges on lease liabilities | 96 | 21 |
| Gross profit margin | 68.1% | 21 |
| Gross margin | 68.1% | 21 |
| Fair value of plan assets | 2 712 | 21 |
| Equity-accounted investments - Total carrying amount | 656 | 21 |
| Equity-accounted investments - Kering Eyewear revenue | 1 502 | 21 |
| Deferred income tax liabilities | (265) | 21 |
| Deferred income tax assets | 888 (EUR €m) | 21 |
| Current tax charge | 922 | 21 |
| Current income tax asset | 50 (EUR €m) | 21 |
| Currency forwards - Nominal amount | 6 126 | 21 |
| Currency forwards - Fair value liabilities | (107) | 21 |
| Currency forwards - Fair value assets | 67 (EUR €m) | 21 |
| Commitments for lease agreements not yet commenced | 406 | 21 |
| Richemont, published 2024-05-17, period FY2024 | ||
| Specialist Watchmakers operating margin | 15.2% | 20 |
| Operating margin (constant exchange rates) | 26.2% | 20 |
| Operating margin | 23.3% | 20 |
| Jewellery Maisons operating margin | 33.1% | 20 |
| Gross margin | 68.1% | 20 |
| Gross cash | € 13 429 million | 20 |
| Richemont, published 2024-04-22, period 2024-H2 | ||
| wholesale percentage | 26% | 12 |
| Specialist watchmakers operating margin | 19.7% | 12 |
| shareholders equity percentage | 46% | 12 |
| retail sales percentage | 69% | 12 |
| operating margin continuing | 26.0% | 12 |
| operating margin constant exchange rates | 28.5% | 12 |
| online retail percentage | 5% | 12 |
| Middle East Africa contribution | 7% | 12 |
| Jewellery maisons operating margin | 35.5% | 12 |
| Japan contribution | 8% | 12 |
| gross margin | 68.2% | 12 |
| Gross cash position | € 11 753 million | 12 |
| Europe contribution | 22% | 12 |
| Asia Pacific contribution | 42% | 12 |
| Americas contribution | 21% | 12 |
| Richemont, published 2024-01-18, period 2024-Q3 | ||
| YNAP net cash position | € 0.3 billion | 11 |
| Richemont, published 2023-11-10, period 2024-H1 | ||
| Specialist Watchmakers operating margin | 19.7% | 14 |
| Operating margin | 26.0% | 14 |
| Jewellery Maisons operating margin | 35.5% | 14 |
| Gross margin | 68.2% | 14 |
| Gross cash position | 11 753 | 14 |
| Richemont, published 2023-07-17, period 2024-Q1 | ||
| Net cash position | € 6.6 billion | 17 |
Richemont Development
How Richemont has developed since 2024: one paragraph per period on revenue, earnings, cash flow and drivers, most recent period first, grouped by year. NadirAlpha methodology
FY2027: Richemont
Richemont's first quarter of fiscal year 2027, ended 30 June 2026, saw Group sales reach 6,300 million, representing growth of 20% at constant exchange rates driven by strong local demand across all regions 40. Jewellery Maisons led the performance with 24% sales growth, marking the seventh consecutive quarter of double-digit expansion 40. Specialist Watchmakers delivered 8% sales growth in the quarter, reflecting notable sequential improvement 40. Retail accounted for 71% of Group sales with retail sales growing 24% at constant rates and online retail rising 18% 40. The net cash position strengthened to €9.1 billion as of 30 June 2026, supported in part by a €0.4 billion cash inflow from the disposal of the Avolta stake 40.
FY2026: Richemont
Richemont achieved full-year FY2026 sales of 22,420 million euros, up 11% at constant exchange rates and 5% at actual rates, with growth across all business areas, regions and distribution channels 35. Jewellery Maisons led performance with 14% sales growth at constant rates and a 30.5% operating margin, while Specialist Watchmakers sales declined 4% at actual rates but grew 1% at constant rates after sequential improvement in the second half 35. Full-year operating profit amounted to 4,492 million euros, representing a 20.0% margin; adverse currency movements, higher gold prices and additional US customs duties compressed the gross margin to 64.4% from 66.9% in the prior year 35 38. Profit for the year rose to 3,484 million euros, up 27%, partly reflecting non-recurrence of the prior-year YNAP impairment 35. Operating cash flow reached 4,880 million euros, and the net cash position stood at €8,496 million at 31 March 2026 35.
FY2025: Richemont
Richemont grew full-year sales 4% to 21,399 million, with Jewellery Maisons up 8% at both actual and constant exchange rates while Specialist Watchmakers contracted 13% on persistent weakness in the China market 29. Operating profit declined 7% to 4,467 million, corresponding to a 20.9% operating margin, as higher raw material costs, notably gold, and unfavourable exchange rates more than offset volume gains 29. The third quarter achieved the highest-ever quarterly sales level at 6,150 million, with all regions except Asia Pacific delivering double-digit growth 26. Full-year net income reached 2,751 million, higher year-on-year, as an improvement in losses from the discontinued YOOX NET-A-PORTER operation more than offset a slight decline in profit from continuing operations 29. The net cash position strengthened to €8,257 million at year-end, supported by 4,443 million in operating cash flow, while portfolio actions included the acquisition of Vhernier and the divestiture of YOOX NET-A-PORTER to Mytheresa (completed on 23 April 2025) 28.
FY2024: Richemont
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
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.
Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: quarterly reports, annual reports and investor relations documents
All original documents NadirAlpha used for this report on Richemont stock: quarterly and annual reports, earnings releases and investor relations documents, sorted by publication, the document type is the link. NadirAlpha methodology
Older sources (+2)
| # | Document type | Published |
|---|---|---|
| #5 / #105 | IR-Half half-year report | 2022-11-11 |
| #6 | IR-Half half-year report | 2022-11-11 |
Richemont Stock FAQ
Does Richemont 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 Richemont?
NadirAlpha links all 40 original filings used (IR documents) in the sources chapter: annual report, half-year report, quarterly report, each with type, publication date and a direct link; every figure in the report carries a source number.