COMPAGNIE FINANCIERE RICHEMONT SA - Double-digit sales growth for the first quarter ended 30 June 2022

Double-digit sales growth for the first quarter ended 30 June 2022

Compagnie Financière Richemont SA 
Depository Receipts issued by Richemont Securities SA 
("Richemont Securities" or "Richemont" or "the Company" or "the Group") 
(Incorporated in Switzerland) 
Share code: CFR 
ISIN: CH0045159024 
Depository Receipt Code: CFR


AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR
15 JULY 2022

RICHEMONT ANNOUNCES DOUBLE-DIGIT SALES GROWTH  
FOR THE FIRST QUARTER ENDED 30 JUNE 2022


Highlights
• Positive start to the financial year with double-digit sales growth both at 
  actual exchange rates (+20%) and constant exchange rates (+12%)
• Strong performance driven by higher sales in Europe, Americas, Japan and the 
  Middle East and Africa more than offsetting lower sales in Asia Pacific; the 
  US, Richemont’s largest single market for the quarter,
  comprising 22% of Group sales
• Growth led by retail, now accounting for 58% of Group sales compared to 55%
  in the prior year period
• Sales growth across all channels and business areas, both at constant and 
  actual exchange rates:
- Jewellery Maisons delivering sales growth of 20% at actual exchange rates
  (+12% at constant rates) 
- Specialist Watchmakers growing by 18% at actual exchange rates 
  (+10% at constant rates)
- Online Distributors increasing by 8% at actual exchange rates 
  (+2% at constant rates)
- Other business area progressing strongly by 36% at actual exchange rates
  (+28% at constant rates)

April-June			2022	 2021	    % change 2022 vs 2021
				EURm	 EURm	  constant rates  actual rates	
By region
Europe			       1 290	  905		+42%		+43%
Asia Pacific		       1 780	1 933		-15%		 -8%
Americas		       1 344	  955		+25%		+41%
Japan				 421	  240		+83%		+75%
Middle East and Africa		 429	  364		 +6%		+18%

By distribution channel
Retail				3 051	2 421		+18%		+26%
Online retail			  910	  809		 +5%		+12%
Wholesale & royalty income	1 303	1 167		 +4%		+12%

By business area
Jewellery Maisons		3 015	2 515		+12%		+20%
Specialist Watchmakers		1 002	  849		+10%		+18%
Online Distributors		  691	  637		 +2%		 +8%
Other 				  600	  440		+28%		+36%
Inter-segment eliminations	  -44	  -44		 -6%		   -

Total				5 264	4 397		+12%		+20%


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 which is available on the Stock Exchange News Service 
("SENS") at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/CFR/FY23Q1.pdf 
and on the Group's website:
https://www.richemont.com/en/home/media/press-releases-and-news/

This announcement does not contain full or complete details and any investment 
decision by investors and/or shareholders in relation to the Company's shares 
should be based on a consideration of the full announcement. 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.

'A' shares issued by Compagnie Financière Richemont SA are listed and traded on
SIX Swiss Exchange, the Company's primary listing 
(Reuters 'CFR.VX'/Bloomberg 'CFR:VX'/ISIN CH0210483332). 
South African depository receipts in respect of Richemont 'A' shares are traded
on the Johannesburg Stock Exchange, the Company's secondary listing, 
(Reuters 'CFRJ.J'/Bloomberg 'CFR:SJ'/ISIN CH0045159024).


Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196
Telephone: (011) 282 8231



Date: 15-07-2022 07:30:00
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