The publication of a record third quarter, ending December 2024, which was much better than expected by the market, propelled Richemont’s shares onto the stock market.
A pleasant surprise for the luxury goods market, which has set the sector’s stock market values ablaze at the start of 2025…
The Swiss group Richemont, a specialist in jewelry and watches with its flagship brands Cartier and Van Cleef & Arpels, has unveiled a fourth quarter 2024 (the third of its own fiscal year 2024-2025, ending March 31, 2025) that far exceeded market expectations.
A 10% jump in sales
While the consensus was hoping for a modest 1% increase to 5.5 billion euros, Richemont’s sales, driven by Jewelry and the American and European markets, finally jumped 10% at constant and real exchange rates, reaching a record 6.2 billion euros!
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Read also > Richemont slows in first half
Featured Photo: © Cartier
