Editor’s Note
**Editor’s Note:** Richemont’s strong first-quarter sales, driven by Cartier and Van Cleef & Arpels, underscore sustained luxury demand and exceeded market expectations.
Richemont remains on a growth trajectory: the jewelry and watch group significantly increased sales in the first quarter of the 2026/27 financial year, surpassing analysts’ expectations. Products from jewelry houses Cartier and Van Cleef & Arpels continue to enjoy great popularity.
Group sales climbed 17% to €6.33 billion in the months from April to June compared to the same period last year, as stated in a press release on Wednesday. Adjusted for currency effects, Richemont would have grown by 20%. This further accelerates the already high growth pace. In the final quarter of the previous year, sales had grown by 16% on a currency-adjusted basis.
The good performance continues to be driven by the jewelry business. In the reporting quarter, sales there increased by 21% to €4.37 billion, or 24% on a currency-adjusted basis. Sales from watch manufacturers, including brands such as IWC or Piaget, lagged behind with a 6% increase to €873 million (adjusted: +8%).
With these sales figures, Richemont clearly exceeded analysts’ expectations in the AWP consensus. They had anticipated group sales of €5.91 billion and growth in local currencies of 11.5%.
As usual, the group does not provide any information on earnings development for the start quarter. And regarding forecasts, management around Chairman Johan Rupert remains tight-lipped.
Among regions, the recovery in Asia contributed significantly to Richemont’s success. Sales in Asia Pacific increased by 21% on a currency-adjusted basis. Business in China, Macau, and Hong Kong grew by double digits overall. A year earlier, the luxury goods industry had suffered from weak consumption there.
Meanwhile, demand remains strong in the US. In the Americas market region, Richemont’s sales climbed by 27%, while in the Middle East & Africa, despite the Middle East crisis, growth of 3% was recorded.