Business Information – Richemont Confirms Gross sales Development in This autumn 2021

Following the announcement a number of months in the past of its robust efficiency over the 6 first months of its fiscal yr, Richemont at this time launched its gross sales figures for the third quarter ended 31 December 2021 – keep in mind that Richemont closes its books on 31 March – and as soon as once more confirms the pattern seen over the previous yr, with restoration of gross sales in thoughts following the large drop because of the pandemic. With gross sales up by 32% at fixed trade charges in comparison with the identical interval final yr, and third-quarter gross sales up by 38% in comparison with 2019, it even surpasses the pre-pandemic ranges (additionally pushed by the combination of latest companies, nonetheless). 

General, all enterprise areas and all areas present double-digit gross sales development, with the strongest efficiency from the Americas and Europe, rebalancing regional gross sales combine. Certainly, in Europe gross sales are up by 42% at fixed trade price in comparison with the identical interval final yr, and up by 12% in comparison with numbers of pre-pandemic. Europe this grow to be the second-largest marketplace for the Group, surpassing the Americas. The most important marketplace for Richemont stays, with out shock, Asia Pacific, with gross sales up by a smaller margin, at +18% in comparison with the earlier however +47% in comparison with the tip of 2019 – the restoration on this space got here earlier than in Occidental markets.

enterprise areas, the expansion stays largely pushed by the Jewelry manufacturers – Buccellati, Cartier and Van Cleef & Arpels – with a powerful development of 57% in comparison with pre-pandemic ranges, and +38% in comparison with the identical interval final yr. This division now accounts for about 60% of the group’s turnover. The Specialist Watchmakers division noticed gross sales improve by 20% in comparison with 2019, and by 25% in comparison with final yr, with double-digit development in most areas and watch Maisons. The division is, nonetheless, a much less distinguished think about gross sales, because it accounts for about 17% of the turnover.

To summarize, on a two-year foundation, gross sales exceeded pre-Covid ranges throughout all areas, channels and enterprise areas. For extra particulars, please go to www.richemont.com.