Ad hoc-Mitteilungen

RICHEMONT ANNOUNCES FURTHER SALES GROWTH ACCELERATION IN THE THIRD QUARTER ENDED 31 DECEMBER 2021

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Compagnie Financière Richemont SA / Key word(s): Quarter Results RICHEMONT ANNOUNCES FURTHER SALES GROWTH ACCELERATION IN THE THIRD QUARTER ENDED 31 DECEMBER 2021 19-Jan-2022 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.


  Highlights

Compared to the third quarter ended 31 December 2020:

  • Strong sales, up by 32% at constant exchange rates and by 35% at actual exchange rates
  • Double-digit sales growth across all regions, channels and business areas
  • Strongest performance from the Americas and Europe, rebalancing regional sales mix
  • Retail and online retail, a combined 78% of Group sales, driving growth
  • Excellent performance from all three business areas:
- Jewellery Maisons, with sales growth of 38% at constant exchange rates (+41% at actual exchange rates)

- Fashion & Accessories Maisons, with sales growth of 37% at constant exchange rates   (+40% at actual exchange rates), sustained by Chloé, Montblanc and Peter Millar

  • Continued sequential quarterly growth acceleration, with third quarter sales up by 38% at constant exchange rates and 36% at actual exchange rates
  • Pre-pandemic levels substantially exceeded, with sales up double digits across all regions and business areas, as well as online and offline retail channels
  • Outstanding performance of the Americas, Asia Pacific and Middle East and Africa; Europe and Japan resuming growth, up double digits
  • Performance led by the Jewellery Maisons (+57% and +55% at constant and actual rates respectively) with other business areas growing at or close to 20%
October-December

2021

2020

2019

% change 2021 vs 2020

% change 2021 vs 2019

€m

€m

€m

constant rates

actual rates

constant rates

actual rates

By region

Europe

1 410

982

1 263

+42%

+44%

+12%

+12%

Asia Pacific

2 128

1 729

1 429

+18%

+23%

+47%

+49%

Americas

1 333

841

874

+55%

+59%

+59%

+53%

Japan

389

335

341

+22%

+16%

+23%

+14%

Middle East and Africa

398

299

249

+30%

+33%

+65%

+60%

By distribution channel

Retail

3 400

2 288

2 212

+45%

+49%

+56%

+54%

Online retail

1 025

841

747

+19%

+22%

+40%

+37%

Wholesale & royalty income

1 233

1 057

1 197

+14%

+17%

+4%

+3%

By business area

Jewellery Maisons

3 343

2 366

2 162

+38%

+41%

+57%

+55%

Specialist Watchmakers

977

758

818

+25%

+29%

+20%

+19%

Online Distributors

785

668

670

+15%

+18%

+19%

+17%

Other

610

436

522

+37%

+40%

+19%

+17%

Inter-segment eliminations

(57)

(42)

(16)

Total

5 658

4 186

4 156

+32%

+35%

+38%

+36%

Review of trading in the three-month period ended 31 December 2021 versus the prior-year period, at constant exchange rates

Corporate calendar The Group's results for the financial year ending 31 March 2022 will be announced on Friday, 20 May 2022. The Group's corporate calendar is available on https://www.richemont.com/en/home/investors/corporate-calendar/

About Richemont At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity, alongside Online Distributors that cultivate expert curation and technological innovation to deliver the highest standards of service. Richemont's ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

Investor/analyst and media enquiries Sophie Cagnard, Group Corporate Communications Director James Fraser, Investor Relations Executive

Disclaimer


End of ad hoc announcement
Language: English
Company: Compagnie Financière Richemont SA
Chemin de la Chênaie 50
1293 Bellevue
Switzerland
Phone: +41227213506
E-mail: pressoffice@cfrinfo.net
Internet: http://www.richemont.com
ISIN: CH0210483332
Valor: 21048333
Listed: SIX Swiss Exchange
EQS News ID: 1270121
 
End of Announcement EQS News Service

1270121  19-Jan-2022 CET/CEST

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