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Ad hoc announcement pursuant to Art. 53 LR
Compagnie Financière Richemont SA
(“Richemont” or “the Company” or “the Group”)
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
17 JULY 2023
RICHEMONT ANNOUNCES 14% SALES GROWTH (19% AT CONSTANT EXCHANGE RATES) FOR
ITS FIRST QUARTER ENDED 30 JUNE 2023
Highlights
• Solid start to the financial year with 14% sales growth at actual exchange
rates (+19% at constant exchange rates)
• Performance driven by higher sales across almost all regions and distribution
channels and all business areas, at actual exchange rates
• Strong rebound in Asia Pacific more than offsetting muted sales in the
Americas
• Growth driven by retail, now 68% of Group sales, with direct-to-client sales
representing 74% of sales
• Growth across all business areas led by the Jewellery Maisons (+19% at actual
exchange rates, +24% at constant rates), followed by the Specialist Watchmakers
(+6% at actual exchange rates, +10% at constant rates) and Other (including the
F&A Maisons: +5% at actual exchange rates, +8% at constant rates)
April-June 2023 2022 % change 2023 vs 2022
EURm re-presented* constant rates actual rates
By region
Europe 1 131 1 031 +11% +10%
Asia Pacific 2 239 1 695 +40% +32%
Americas 1 096 1 142 -2% -4%
Japan 424 401 +14% +6%
Middle East & Africa 432 385 +15% +12%
By distribution channel
Retail 3 618 3 051 +24% +19%
Online retail 298 300 +2% -1%
Wholesale & royalty income 1 406 1 303 +11% +8%
By business area
Jewellery Maisons 3 599 3 015 +24% +19%
Specialist Watchmakers 1 061 1 002 +10% +6%
Other 662 637 +6% +4%
Total 5 322 4 654 +19% +14%
* Prior-year period comparatives have been re-presented as YNAP results are
presented as ‘discontinued operations’
Please contact Computershare at Web.Queries@Computershare.co.za if you wish to
receive any documents electronically for Richemont.
This short form announcement is the responsibility of the directors of
Compagnie Financière Richemont SA and is a summary of the information contained
in the full announcement available on the Stock Exchange News Service
(“SENS”) at: https://senspdf.jse.co.za/documents/2023/JSE/ISSE/CFR/FY24Q1.pdf
and on the Group’s website:
https://www.richemont.com/en/home/media/press-releases-and-news/
This announcement does not contain full details and should not be used as a
basis for any investment decision in relation to the Company’s shares. The full
announcement is also available for inspection, at no charge, at the Company’s
registered office (50 Chemin de la Chênaie, 1293 Bellevue, Geneva, Switzerland)
and the office of the Sponsor during standard office hours.
Richemont ‘A’ shares issued by Compagnie Financière Richemont SA are listed and
traded on the SIX Swiss Exchange, Richemont’s primary listing (Reuters ‘CFR.S’ /
Bloomberg ‘CFR:SW’ / ISIN CH0210483332). They are included in the Swiss Market Index
(‘SMI’) of leading stocks and the MSCI Switzerland IMI ESG Leaders Index. The ‘A’ shares
are also traded on the Johannesburg Stock Exchange, Richemont’s secondary listing
(‘CFRJ.J’ / Bloomberg ‘CFR:SJ’ / ISIN CH0210483332)
Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196
Email: sponsorteam@rmb.co.za
Date: 17-07-2023 07:30:00
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