- Overall, sales came to €21.4 billion, up 4% on the previous year.
- Sales rose by double digits in most regions, with the exception of Asia-Pacific (-13%). These results balanced the Group’s geographical exposure. China flagged, but growth in European countries was 10%, in the Americas 16%, in Japan 25%, and in the Africa-Middle East region 15%.
- Sales rose by 4%, with strong results in jewelry in particular: €15.3 billion, or an 8% increase at real and constant exchange rates. Rising sales and tight cost controls allowed the Group to cope effectively with rising raw materials prices, particularly gold.
- Operating income for the jewelry Houses rose by 4%.
- 4th-quarter sales were up 8% (7% at constant exchange rates), with double-digit growth for the jewelry Houses.
- Over the year, watch sales were down 13%, while ‘other’ activities grew by 7%. Direct sales to customers (own boutiques and website) now account for 76% of sales.
- Personnel changes in the Jewelry Division: Nicolas Bos, previously CEO of Van Cleef & Arpels, has been appointed CEO of Richemont. Catherine Rénier has replaced him at Van Cleef & Arpels. Louis Ferla has arrived as the new CEO of Cartier, replacing Cyrille Vigneron.
- In 2024, the Italian House Vhernier joined the group.
Source: Richemont
