Editor’s Note
Richemont, the Swiss luxury conglomerate behind Cartier and Montblanc, reported a significant surge in its first-half attributable net profit to €1.813 billion, a 296% year-on-year increase.
The Swiss luxury goods group Richemont, owner of iconic brands such as Cartier and Montblanc, has achieved an attributable net profit of 1.813 billion euros in the first six months of its fiscal year. This represents an increase of 296% compared to the same period last year, according to the company’s report.
This record growth reflects the strong global demand for luxury products, particularly in the high jewelry and watchmaking segment, where brands like Cartier have consolidated exceptional performance. The company attributes this result to a combination of innovation strategy, international expansion, and efficient cost management, which has allowed it to exceed market expectations and strengthen its position against competitors in the sector.
Richemont has emphasized that this increase occurs in a context of greater interest in premium luxury, especially in key markets such as Asia, the United States, and the Middle East, where consumption of high-value items continues to grow despite global economic uncertainty. The multinational has also highlighted the importance of its digital strategy, driving online sales and integrating new technologies to improve the shopping experience and customer service.
In addition to expansion in international markets, Richemont continues investing in its brands through launches of exclusive collections, strategic collaborations, and improvements in the in-store experience, maintaining a focus on quality, exclusivity, and sustainability.
With these results, the company confirms its resilience and leadership in the luxury sector, reinforcing its ability to seize medium- and long-term growth opportunities and consolidating its position as one of the most solid and prestigious groups in the global luxury goods market.