Not all images were able to load for printing. Please close the print window and try again. Richemont Reports Overall Sales Up for Q1 2025, But Sales Down 7% for Watches
Sales up 11% for Jewellery Maisons, down 7% for Specialist Watchmakers.
The luxury watch industry is impacted by the slowing global economy, changes in consumer behaviour and tariff wars. Despite this challenging environment, Geneva-based luxury goods group Richemont reports solid revenues for the start of the year, with a positive trend for the first quarter ended 30 June 2025. Over the period, the Group’s sales are up 6% at constant exchange rates at EUR 5.4 billion. This result was secured thanks to the Jewellery Maisons (Cartier and Van Cleef & Arpels, in particular), with sales up 11% at EUR 3.914 billion, while sales of specialist watchmakers are down 7% at EUR 824 million. The stronger momentum in jewellery compared to watches follows a trend observed not only at Richemont in recent years, but across the broader industry. For the 2024/2025 fiscal year, Jewellery Maisons represented 71% of the whole Richemont activity while Specialist Watchmakers accounted for 15% of the Group’s sales.
From a geographical perspective, Richemont’s business was on the rise in most regions with sales up 11% at constant rates in Europe (EUR 1.295 billion), up 17% in the Americas (EUR 1.335 billion) and up 17% in the Middle East and Africa (EUR 524 million). Sales are stable in Asia Pacific (EUR 1.731 billion) and down 15% in Japan (EUR 527 million).
Sales were up by 6% at constant rates for all three distribution networks: Retail, Online Retail and Wholesale and Royalty income. For more details, please visit www.richemont.com.
