Richemont maintained strong momentum with sales up 11% at constant rates for its third quarter ended 31 December 2025

Core Viewpoint - Richemont reported strong sales growth of 11% at constant exchange rates for the third quarter ended 31 December 2025, driven by robust performance across all regions and business areas [2][5][7]. Sales Performance - Total sales for the quarter reached €6.4 billion, reflecting an 11% increase at constant exchange rates and a 4% increase at actual rates [7]. - Sales by region showed significant growth: - Europe: €1.55 billion, up 8% at constant rates [3] - Asia Pacific: €1.87 billion, up 6% at constant rates [3] - Americas: €1.74 billion, up 14% at constant rates [3] - Japan: €632 million, up 17% at constant rates [3] - Middle East & Africa: €607 million, up 20% at constant rates [3] Distribution Channels - Retail sales grew by 12%, accounting for 72% of total group sales, while wholesale sales increased by 9% [9][7]. - Online retail sales rose by 5%, primarily driven by the Jewellery Maisons [9]. Business Areas - Jewellery Maisons achieved a 14% increase in sales, with strong performances across all channels and regions [10]. - Specialist Watchmakers recorded a 7% increase in sales, marking a second consecutive positive quarter [10]. - The "Other" business area, which includes Fashion & Accessories Maisons, saw stable sales with a 3% increase [10]. Financial Position - The group reported a net cash position of €7.6 billion as of 31 December 2025, slightly down from €7.9 billion in the previous year [11].