Business · Companies · 9 hrs ago
Richemont’s half-year sales rise 16% as operating profit jumps 33%
Richemont increased sales by 16% in the first half of its 2026/27 financial year, reaching €12.3 billion.
The Geneva-based group sells luxury jewellery and watches, including Cartier, Van Cleef & Arpels, Piaget and IWC.
Operating profit rose 33% to €3.1 billion, and net profit increased 39% to €2.5 billion.
Jewellery was the strongest area, with sales up 18% to €9.1 billion and making up 55% of group revenue.
Watch sales also grew, although jewellery accounted for the larger share of the business.
The operating profit was well above analyst expectations, while sales were broadly in line with them.
Richemont gave no outlook for the rest of the financial year.
Richemont reported first-half 2026/27 sales of €12.3 billion, up 16% from a year earlier.
Operating profit rose 33% to €3.1 billion, and net profit increased 39% to €2.5 billion.
Jewellery sales grew 18% to €9.1 billion, while the watch business also grew.
Jewellery accounted for 55% of group sales and had an operating margin of 35.3%.
Richemont shares fell after the results, according to Le Temps.
- Who
- Richemont, the Geneva-based luxury goods group.
- What
- It reported higher sales and profit for the first half of 2026/27.
- When
- The half-year ended in September 2026; the results were reported on November 13, 2026.
- Where
- Geneva, Switzerland.
- Why
- Not stated
This story does not have two clearly opposing sides.
Richemont’s 2026/27 first half ended.
Richemont reported its half-year results.
- Revenue
- €12.3 billion, up 16%
- Operating profit
- €3.1 billion, up 33%
- Net profit
- €2.5 billion, up 39%
- Jewellery sales
- €9.1 billion, up 18%
- Jewellery share of group sales
- 55%
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What people are saying
Profitability and cash generation stand out, showing that Richemont is reaping the benefits of structural decisions made several years ago.