Richemont
CFR.SW · SIX Swiss Exchange. Prices to 23 Oct 2026. Updated 25 Oct 2026.
Cartier and Van Cleef & Arpels, plus the watchmakers. Reports on a March year end, so quarters are offset.
Company health
Stable
- Sales. Constant currency growth, Apr to Jun 2026: +20%recovering
- Shares. −6.2% YTD vs STOXX Europe 600 +7.3%: −13.4 ptsweakening
Same method as the Luxury Health Check: growth above 3% scores +1, below 0% scores −1; shares more than 5 points ahead of the STOXX Europe 600 year to date score +1, more than 5 points behind score −1. Total 0. Watch exports are a sector signal, so they are left out here.
Key numbers
| Quarter | Revenue | Growth | Released |
|---|---|---|---|
| Jul to Sep 2025 | €5,207m | +14% | 14 Nov 2025 |
| Oct to Dec 2025 | €6,399m | +11% | 15 Jan 2026 |
| Jan to Mar 2026 | €5,402m | +13% | 22 May 2026 |
| Apr to Jun 2026 | €6,329m | +20% | 15 Jul 2026 |
Growth is constant currency, as the company reports it. Download CSV
| Margin and valuation | Value | Source |
|---|---|---|
| Operating margin, FY to Mar 2026 | 20.0% | source |
| Operating margin, H1 to Sep 2025 | 22.2% | source |
| Valuation (P/E, yield) | not yet verified |
Reporting lines
Sales by business area, € million (constant currency growth)
| Jul to Sep 25 | Oct to Dec 25 | Jan to Mar 26 | Apr to Jun 26 | |
|---|---|---|---|---|
| Jewellery Maisons | 3,834 (+17%) | 4,785 (+14%) | n/a (+16%) | 4,732 (+24%) |
| Specialist Watchmakers | 734 (+3%) | 872 (+7%) | n/a | 873 (+8%) |
| Other | 639 (+6%) | 742 (0%) | n/a | 724 (+9%) |
| Total | 5,207 (+14%) | 6,399 (+11%) | 5,402 (+13%) | 6,329 (+20%) |
Jan to Mar 2026 split by business area is not given as a quarterly table in the annual results. Source. Download CSV
Sales by region, € million (constant currency growth)
| Jul to Sep 25 | Oct to Dec 25 | Jan to Mar 26 | Apr to Jun 26 | |
|---|---|---|---|---|
| Europe | 1,291 (+11%) | 1,550 (+8%) | n/a (+5%) | 1,429 (+11%) |
| Asia Pacific | 1,710 (+10%) | 1,870 (+6%) | n/a (+14%) | 2,068 (+21%) |
| Americas | 1,265 (+20%) | 1,740 (+14%) | n/a (+18%) | 1,670 (+27%) |
| Japan | 500 (+10%) | 632 (+17%) | n/a (+28%) | 632 (+36%) |
| Middle East & Africa | 441 (+22%) | 607 (+20%) | n/a (−3%) | 530 (+3%) |
Jan to Mar 2026 regional growth from the annual results text. Source. Download CSV
What management said
Apr to Jun 2026 Tone: confident
Released 15 Jul 2026. Tone vs prior quarter: Best quarter of the four. Release.
- Jewellery Maisons +24%, a seventh straight quarter of double digit growth. source
- Specialist Watchmakers +8%. source
- Japan +36% and Americas +27%. source
“Group sales in the quarter ended 30 June 2026 rose by 20% supported by overall strong local clientele, amidst a macroeconomic and geopolitical environment that remained volatile.”
Company release, source
Call: No public call recording or transcript reviewed for this version. Not available here.
Jan to Mar 2026 Tone: confident, vigilant
Released 22 May 2026. Tone vs prior quarter: Momentum held; the chairman flagged the Middle East. Release.
- Q4 +13%; Jewellery Maisons +16%. source
- FY operating margin 20.0%; Jewellery Maisons 30.5%. source
- Middle East & Africa −3% in the quarter. source
“Looking ahead, uncertainty is likely to persist, not least in relation to developments in the Middle East.”
Johann Rupert, Chairman, source
Call: No public call recording or transcript reviewed for this version. Not available here.
Oct to Dec 2025 Tone: steady
Released 15 Jan 2026. Tone vs prior quarter: Growth eased from 14% against tougher comparatives. Release.
- Jewellery Maisons +14%; Specialist Watchmakers +7%. source
- Middle East & Africa +20%, Japan +17%. source
“At constant exchange rates, Group sales rose by 11% in the third quarter versus the prior-year period.”
Company release, source
Call: No public call recording or transcript reviewed for this version. Not available here.
Jul to Sep 2025 Tone: confident
Released 14 Nov 2025. Tone vs prior quarter: Acceleration from 6% in the prior quarter. Release.
Call: No public call recording or transcript reviewed for this version. Not available here.
Annual report. FY to 31 Mar 2026 results (22 May 2026). Annual results announcement used as the annual summary, including the chairman's concluding remarks.
Not yet verified: Jan to Mar 2026 euro split by area and region. Valuation: not yet verified. Next update: interim results on 13 Nov 2026.
Sources
- Apr to Jun 2026 release
- Jan to Mar 2026 release
- Oct to Dec 2025 release
- Jul to Sep 2025 release
- Share prices: Yahoo Finance daily closes
See also: alternative luxury indicators and the data hub.
Last updated 25 Oct 2026. Quotes are copied verbatim from the linked releases.