Positive third quarter for Richemont

Richemont ended the third quarter of its 2018/2019 financial year as at December 31st last with a turnover of €3.92 billion, up 25% (at current exchange rates) compared to the same period last year.

After nine months, sales showed a 23% rise to €10.7 billion. Excluding sales of Yoox Net-A-Porter (YNAP) and Watchfinder.co.uk, e-commerce platforms, sales increased by 6% (at actual rates).

All regions contributed to the good results of this third quarter: Europe (+34%, to €1.15 billion), Asia Pacific (+17%, €1.4 billion), America (+43%, to €801 million), Japan (+17%, €344 million).

The Jewellery Maisons – Cartier, Van Cleef & Arpels, and Giampiero Bodino – stand out with a turnover of 1.98 billion, up 9% (current exchange rate). Specialist Watchmakers – A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin – achieved a turnover of 790 million, practically stable (+1%). The other brands – Alfred Dunhill, Azzedine Alaïa, Chloé, Montblanc and Peter Millar – posted sales of 525 million, also stable (+1%). As for the Online Distributors – Yoox Net-A-Porter Group and Watchfinder –, they racked up turnover of 638 million (0%).

January 31, 2019