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It highlights group sales of €21.4 billion and operating profit of €4.5 billion, alongside year-on-year movements by business area and region. The review covers performance trends across quarters, resilience of key Maisons, watch market dynamics, and impacts on profitability, supported by cash flow and a net cash position. It also includes governance, sustainability approach, and forward-looking statements.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/richemont-annual-report-and-accounts-2025/338091/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/richemont-annual-report-and-accounts-2025/338091.png","ImageObject",442,249,{"name":88,"@type":89},"Angel","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-30","2026-09-21",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What were Richemont’s group sales and operating profit for the year ended 31 March 2025?","Question",{"text":108,"@type":109},"Group sales increased by 4% to €21.4 billion. Operating profit was €4.5 billion, down 7% at actual rates (down 4% at constant exchange rates).","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How did sales performance evolve across the year?",{"text":113,"@type":109},"After a resilient first half, sales performance accelerated: +10% in the third quarter and +8% in the fourth quarter at actual exchange rates. Most regions grew at double digits at both actual and constant exchange rates, offsetting Asia Pacific decline led by China.",{"name":115,"@type":106,"acceptedAnswer":116},"What is stated about forward-looking statements in the report?",{"text":117,"@type":109},"The report states that it contains forward-looking statements under the US Private Securities Litigation Reform Act of 1995. It explains that such statements are not guarantees and actual results may differ materially due to risks and uncertainties, and that updates are not undertaken.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},338091,1790515307,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":141},687207412472,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Annual Report and Accounts 2025  \nRichemont is one of the world’s leading luxury goods groups.  \nThe Group’s luxury goods interests encompass some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen and Montblanc.  \nEach of our Maisons represents a proud tradition of style, quality and craftsmanship which Richemont is committed to preserving.  \n1 Financial and operating highlights  \n2 Chairman’s review  \n5 Business review  \n5 Jewellery Maisons  \n6 Buccellati  \n7 Cartier  \n8 Van Cleef & Arpels  \n9 Vhernier  \n10 Specialist Watchmakers  \n11 A. Lange & Söhne  \n12 Baume & Mercier  \n13 IWC Schaffhausen  \n14 Jaeger-LeCoultre  \n15 Panerai  \n16 Piaget  \n17 Roger Dubuis  \n18 Vacheron Constantin  \n19 Other  \n20 Alaïa  \n21 Chloé  \n22 Delvaux  \n23 dunhill  \n24 G/FORE  \n25 Gianvito Rossi  \n26 Montblanc  \n27 Peter Millar  \n28 Purdey  \n29 Serapian  \n30 Watchfinder&Co.  \n31 Discontinued Operations  \n32 YOOX NET-A-PORTER  \n33 Regional & Central Functions  \n36 Financial review  \n43 Richemont’s approach to sustainability  \n45 Peace Parks Foundation  \n46 Laureus  \n47 Michelangelo Foundation  \n48 Board of Directors  \n54 Corporate governance  \n65 Compensation report  \n81 Consolidated financial statements  \n147 Company financial statements  \n156 Five-year record  \n158 Statutory information  \nCautionary statement regarding forward-looking statements  \nThis document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of1995. Words such as ‘may’,‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees offuture performance. Actual results may differ materially from the forwardlooking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s control. Richemont does not undertake to update, nor does it have any obligation to provide updates or to revise, any forward-looking statements.  \nFinancial and operating highlights  \nGroup sales (€m) Sales by business area (% of Group)  \n2025  21 399   \n2024  20 616   \n2025  \n\n| |  |  |\n| --- | --- | --- |\n| Jewellery Maisons\u003Cbr>72% | Specialist\u003Cbr>Watchmakers\u003Cbr>15% | Other\u003Cbr>13% |\n\nOperating profit (€m) Jewellery Maisons (€m)  \n2025  4 467  2025  15 328   \n2024  4 794  2024  14 242   \nEarnings per share, diluted basis (€) Specialist Watchmakers (€m)  \n2025  4.671  2025  3 283  2024  4.077  2024  3 767   \nDividend per share Other Businesses (€m)  \n2025  CHF 3.00  2025  2 788  2024  CHF 2.75  2024  2 607   \n• Full-year sales up 4% at actual and constant exchange rates, led by high single-digit increase at Jewellery Maisons.  \n• Operating profit down by 7%, or by 4% at constant exchange rates, resulting in a 20.9% operating margin.  \n• € 3.8 billion profit for the year from continuing operations; € 1.0 billion loss from discontinued operations mainly due to the non-cash write-down of YNAP (improved against € 1.3 billion communicated in H1) .  \n• Robust net cash position of € 8.3 billion, supported by € 4.4 billion cash flow generated from operating activities.  \nRichemont Annual Report and Accounts 2025 1  \nChairman’s review  \nJohann Rupert, Chairman  \nOverview of results  \nRichemont delivered a robust performance for the financial year ended 31 March 2025 . In a persistently uncertain macroeconomic and geopolitical environment, we maintained our focus on nurturing Maisons’ current and future growth, investing in our distribution network, manufacturing assets and quality craftsmanship. Group sales increased by 4% at actual and constant exchange rates to € 21.4 billion, led by high single-digit growth atthe Jewellery Maisons over the year. Operating profit came in at € 4.5 billion, down by 7% at actual rates, o","cbCaihqmIVU7aF5V","https://ap.wps.com/l/cbCaihqmIVU7aF5V","pdf",10354796,164,"English","# Financial and operating highlights\n# Chairman’s review\n## Overview of results\n# Business review\n## Jewellery Maisons\n## Specialist Watchmakers\n# Financial review\n# Richemont’s approach to sustainability\n# Corporate governance\n# Compensation report\n# Consolidated financial statements","[{\"question\":\"What were Richemont’s group sales and operating profit for the year ended 31 March 2025?\",\"answer\":\"Group sales increased by 4% to €21.4 billion. Operating profit was €4.5 billion, down 7% at actual rates (down 4% at constant exchange rates).\"},{\"question\":\"How did sales performance evolve across the year?\",\"answer\":\"After a resilient first half, sales performance accelerated: +10% in the third quarter and +8% in the fourth quarter at actual exchange rates. Most regions grew at double digits at both actual and constant exchange rates, offsetting Asia Pacific decline led by China.\"},{\"question\":\"What is stated about forward-looking statements in the report?\",\"answer\":\"The report states that it contains forward-looking statements under the US Private Securities Litigation Reform Act of 1995. It explains that such statements are not guarantees and actual results may differ materially due to risks and uncertainties, and that updates are not undertaken.\"}]","Richemont Annual Report and Accounts 2025 | PDF",1790021922,57]