Sharenet Sites 
Sharenet Sites
Richemont reports resilient sales
for its first quarter ended 30 June 2024
Compagnie Financiere Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
16 JULY 2024
RICHEMONT REPORTS RESILIENT SALES
FOR ITS FIRST QUARTER ENDED 30 JUNE 2024
Highlights
* Sales up 1% at constant exchange rates, down 1% at actual exchange rates, against
demanding comparatives in the prior-year period (+19% and +14%, respectively) and
despite persistent macroeconomic and geopolitical uncertainties
* Growth across all regions, except for Asia Pacific, driven by Japan and the
Americas, both at actual and constant exchange rates
* Further progression in direct-to-client sales, most notably at the Jewellery
Maisons
* Mid-single digit growth at the Jewellery Maisons and the Group's 'Other' business
area (which includes the Group's Fashion & Accessories Maisons) offsetting lower
sales at the Specialist Watchmakers impacted by strong exposure to Asia Pacific
April-June 2024 2023 % change 2024 vs 2023
EURm constant rates actual rates
By region
Europe 1 171 1 131 +5% +4%
Asia Pacific 1 809 2 239 -18% -19%
Americas 1 215 1 096 +10% +11%
Japan 603 424 +59% +42%
Middle East & Africa 470 432 +8% +9%
By distribution channel
Retail 3 631 3 618 +2% +0%
Online retail 315 298 +6% +6%
Wholesale and royalty income 1 322 1 406 -5% -6%
By business area
Jewellery Maisons 3 656 3 599 +4% +2%
Specialist Watchmakers 911 1 061 -13% -14%
Other 701 662 +6% +6%
Total 5 268 5 322 +1% -1%
Please contact Computershare at Web.Queries@Computershare.co.za if you wish to
receive any documents electronically for Richemont.
This short form announcement is the responsibility of the directors of Compagnie
Financière Richemont SA and is a summary of the information in the full
announcement available on the Stock Exchange News Service ("SENS") at:
https://senspdf.jse.co.za/documents/2024/JSE/ISSE/CFR/FY25Q1.pdf and on the Group's
website: https://www.richemont.com/news-media/press-releases-and-news/
This announcement does not contain full details and any investment decision by
investors and/or shareholders in relation to the Company's shares should be based
on a consideration of the full announcement. The full announcement is also
available for inspection, at no charge, at the Company's registered office
(50 Chemin de la Chênaie, 1293 Bellevue, Geneva, Switzerland) and the office
of the Sponsor during standard office hours.
Richemont 'A' shares issued by Compagnie Financière Richemont SA are listed and
traded on the SIX Swiss Exchange, Richemont's primary listing
(Reuters 'CFR.S' / Bloomberg 'CFR:SW' / ISIN CH0210483332). They are included in
the Swiss Market Index ('SMI') of leading stocks and the MSCI Switzerland IMI ESG
Leaders Index. The 'A' shares are also traded on the Johannesburg Stock Exchange,
Richemont's secondary listing ('CFRJ.J' / Bloomberg 'CFR:SJ' / ISIN CH0210483332).
Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196
Email: sponsorteam@rmb.co.za
Date: 16-07-2024 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
