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.
-
Resilient H1 FY2025 performance with stable sales at constant rates, led by Jewellery Maisons' growth in Americas and Japan, offsetting Asia Pacific declines. Operating profit and margins fell due to FX and higher costs, while strategic acquisitions and YNAP divestment marked key developments.