Richemont, owner of Buccellati, Cartier and other luxury brands, announced a 4% increase in sales on real and ongoing exchange rates in fiscal 2025 (FY25), resulting in a total sales of 21.39 billion euros ($23.89 billion), compared with 22.42 billion euros to 200 billion euros.

This growth is driven primarily by the performance of its jewelry Maisons, which saw an 8% increase in real and constant exchange rate sales and an operating margin of 31.9%.

The company has double-digit sales expansion in all regions outside the Asia-Pacific region.

However, the professional watchmaker segment market economy was sluggish, with real and constant exchange rates down 13% and operating margins of 5.3%.

Richemont's operating profit fell 7% that year, from €4.79 billion in fiscal 24 to €4.47 billion in fiscal 25.

The company's gross profit grew 2%, from 2% of the 14.04 billion euros in the previous year to 14.32 billion euros.

Profits from continuing operations were 3.76 billion euros, a slight decrease of 1% from the previous year. The figure includes raising net financing costs by 125 million euros to 53 million euros.

Losses from the terminating operation totaled €1.01 billion, including substantial bets with net assets held by YNAP (YOOX NET-AA-PORTER Group) and reflect the valuation of Mytheresa shares as of March 31, 2025.

Therefore, the profit for the year was 2.75 billion euros.

Its earnings per share reached a dilution of €4.671 in fiscal 25, compared with €4.077 in the previous fiscal year.

"Richemont has provided an outstanding performance for the fiscal year ending March 31, 2025. In a macroeconomic and geopolitical environment with ongoing uncertainty, we have been committed to fostering current and future growth for Maisons, investing in our distribution network, manufacturing assets and quality processes."

Mytheresa completed YNAP from Richemont in April 2025 after obtaining an unconditional permission from the European Commission.

“Cartier owner Richemont’s sales growth of 4% in FY25” was originally created and published by GlobalData-owned brand retail Insight Network.

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