COMPAGNIE FINANCIERE RICHEMONT SA - Sales increase of 8% for the third quarter and 18% for the nine months ended 31 December 2022

Sales increase of 8% for the third quarter and 18% for the nine months ended 31 December 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
18 JANUARY 2023

RICHEMONT REPORTS SALES INCREASE OF 8% FOR THE THIRD QUARTER AND 18% FOR
THE NINE MONTHS ENDED 31 DECEMBER 2022


Highlights
* Sales up by 5% at constant exchange rates and by 8% at actual exchange rates,
on the back of strong comparatives and disruption of trading in mainland China
due to Covid 
* Sales growth across all regions with the exception of Asia Pacific,
significantly impacted by mainland China’s underperformance 
* Growth across all distribution channels, led by retail and online retail
channels
* Double-digit sales growth reported at the Jewellery Maisons and
Other business areas (+8% and +6% at constant exchange rates, respectively)
offsettting a 3% sales reduction at the Specialist Watchmakers
(-5% at constant exchange rates) 
* Further increase of the Group’s net cash position to EUR 5.5 billion,
up EUR 0.6 billion, following the quarter’s solid trading, notwithstanding
increased dividend and stock replenishment during the year 

October-December               2022     2021*               % change 
                               EURm     EURm      constant rates  actual rates
By region 
Europe                        1 277    1 089           +19%          +17%
Asia Pacific                  1 901    2 035            -9%           -7%
Americas                      1 320    1 137            +3%          +16%
Japan                           477      366           +43%          +30%
Middle East & Africa            428      356           +10%          +20%

By distribution channel
Retail                        3 718    3 400            +6%           +9%
Online retail                   391      350            +6%          +12%
Wholesale & royalty income    1 294    1 233            +1%           +5%

By business area
Jewellery Maisons             3 722    3 343            +8%          +11%
Specialist Watchmakers          952      977            -5%           -3%
Other                           729      663            +6%          +10%

Total                         5 403    4 983            +5%           +8%

* Prior-year period comparatives have been represented as YNAP results are
presented as ‘discontinued operations’ and Watchfinder & Co. reclassified
to the ‘Other’ business area.

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/2023/JSE/ISSE/CFR/FY23Q3.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: 18-01-2023 08:00:00
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