News 
At the end of the first quarter of its 2023-2024 financial year (April to June), the Group announced double-digit sales growth of 14% at actual exchange rates (+19% at constant rates). In all, the company recorded sales of 5.32 billion euros.
All channels, business areas and regions, with the exception of the Americas, generated higher sales than in the same period last year.
Growth was driven by double-digit increases in almost all regions, including a 40% rebound in Asia-Pacific, the best regional performance. In Europe, sales rose by 11%. Most markets, notably France, Italy and Switzerland, generated higher sales. Sales rose by 14% in Japan and by 15% in the Middle East and Africa. By contrast, sales contracted in the Americas (-2%).
The Group’s three jewellery Maisons – Buccellati, Cartier and Van Cleef & Arpels – recorded the strongest growth (+19% at real exchange rates, +24% at constant exchange rates), followed by the specialist watchmakers – A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin - (+6% at real exchange rates, +10% at constant exchange rates).
August 10, 2023