Richemont UK FY gross sales rise 5% to file £277m
Richemont has revealed that its UK gross sales rose 5.3% to a file £277m for the yr ended 1 March 2025.
Moreover, the corporate’s gross revenue rose from £113.6m to only beneath £124m with working revenue nearly tripling from £12.5m to £32m. In the meantime, its internet revenue for the yr jumped from £8.7m to £21.67m.
The outcomes cowl retail and wholesale for jewelry and watchmakers, however don’t embrace Cartier or Watchfinder and Co., which report individually.
The rise comes after some reorganisation within the enterprise which included rolling Montblanc, which generated UK gross sales of £26m in 2017, into its wider group outcomes.
Richemont has managed to outperform its rivals with rival luxurious teams LVMH Jewelry and Watches UK and Swatch Group UK, each seeing their gross sales fall in 2024.
Away from this, its mum or dad group noticed group gross sales for the half yr rise 10% to €10.6bn (£9.32bn) at fixed change charges in outcomes filed final month. In Q2 gross sales noticed a 14% CER. Working revenue rose to €2.35bn (£2.07bn), up 7% precise, or 24% CER.
The retailer noticed continued energy in its maisons like Cartier and Van Cleef and Arpels, but Specialist Watchmakers declined once more. As for its vogue and equipment manufacturers, they have been “broadly steady” for half however rose extra strongly in Q2.
