Switzerland · Delayed Price · Currency is CHF Compagnie Financière Richemont Earnings Call Transcripts
Fiscal Year 2026
-
Sales grew 11% at constant rates to EUR 22.4 billion, led by Jewelry Maison and strong US and Asia-Pacific demand. Operating profit rose to EUR 4.5 billion, with robust cash flow and a net cash position of EUR 8.5 billion, despite FX and gold price headwinds.
-
Solid first-half results with 10% sales growth at constant rates, led by Jewellery Maisons and strong regional demand. Operating profit rose 7% despite FX and gold headwinds, with robust cash flow and a strong net cash position. Management anticipates higher tariff impacts in H2.
Fiscal Year 2025
-
Record sales and robust cash flow were driven by strong jewelry performance and regional diversification, offsetting watchmaker weakness in Asia-Pacific. Higher gold costs and FX impacted margins, but disciplined cost control and strategic investments supported resilience.
-
Sales were stable at constant FX, with strong growth in the Americas, Japan, and Middle East offsetting a sharp decline in Asia Pacific due to China. Jewellery Maisons outperformed, while Specialist Watchmakers lagged. Profitability was impacted by FX, higher costs, and one-off items.