Richemont Q3 gross sales rise 32% to £4.72bn

Richemont has reported its gross sales surged 32% year-on-year to €5.65bn (£4.72bn) within the third quarter ending 31 December 2021 (Q3), up 38% from pre-Covid ranges.

Over the nine-month interval, the group’s progress was led by its Jewelry Maisons division which noticed its gross sales attain €3.34bn (£2.79bn) in Q3, up year-on-year by 38%, and up 57% from €2.16bn (£1.8bn) in 2019.

On a two-year foundation, gross sales exceeded pre-Covid ranges throughout all areas, channels and enterprise areas, in addition to on-line and offline retail channels.

Inside the group, Jewelry Maisons represents the “strongest” performing enterprise space, with different areas rising at or shut to twenty%.

The 57% rise in gross sales on the Jewelry Maisons, which contains Buccellati, Cartier and Van Cleef and Arpels, was reportedly “broad-based” throughout product traces and worth factors.

Moreover, the group’s internet money place on the finish of Q3 reached €4.9bn (£4.09bn), up from €2.9bn (£2.42bn) in 2020.

In the meantime, Richemont’s different enterprise areas, primarily its Style and Equipment Maisons, noticed gross sales up by 37%. 

The group noticed its strongest efficiency in Q3 from the Americas and Europe.

Written by colin

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