Quick wins for a faster PC:
Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Clear out junk files and repair common Windows errorsFree Scan →Richemont’s sales rose in the April–June 2025 quarter, but its Specialist Watchmakers business area moved in the opposite direction. The company reported Group sales of €5.412 billion, up 6% at constant exchange rates and 3% at actual exchange rates; Specialist Watchmakers sales fell 7% at constant exchange rates and 10% at actual rates. Richemont labels the period Q1 FY2026, and its financial information is unaudited.
What does “Q1 2025” mean for Richemont?
The title’s Q1 2025 refers to the three months from April through June 2025. Richemont’s fiscal year uses a different label: the company calls the period Q1 FY2026. It published its results on 16 July 2025.
The percentages below distinguish constant exchange rates from actual exchange rates. Constant-rate comparisons adjust for currency movements; actual-rate comparisons reflect reported sales translated at prevailing exchange rates. Richemont’s announcement identifies the financial information as unaudited.
How did Group sales compare with watch sales?
Richemont’s total increased while its Specialist Watchmakers business area contracted. The business-area figures show where the contrast came from; they are not individual brand results.
Do these 3 things before closing this tab:
1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problems#1 Best Overall
- Case Size Diameter 41mm in Two Tone Case
- Two Tone Stainless Steel Bracelet with Deployant Closure
- Green Guilloche Dial
- 5 ATM
- MSRP: 1195.00
| Business area | Sales in April–June 2025 | Prior-year quarter | Change at constant exchange rates | Change at actual exchange rates |
|---|---|---|---|---|
| Group | €5,412 million | €5,268 million | +6% | +3% |
| Jewellery Maisons | €3,914 million | €3,656 million | +11% | +7% |
| Specialist Watchmakers | €824 million | €911 million | -7% | -10% |
| Other | €674 million | €701 million | -1% | -4% |
The Group’s increase is not evidence that every business area grew. Jewellery Maisons sales rose substantially and represented the largest sales total in the table, while Specialist Watchmakers and Other were lower than a year earlier. The exchange-rate basis matters: for example, the Group’s increase was 6% at constant rates but 3% at actual rates.
What did Richemont say was behind the watch decline?
Richemont said the Specialist Watchmakers decrease largely reflected weaker sales in China, Hong Kong and Macau combined, and Japan. Double-digit growth in the Americas partly offset those declines. This is the company’s account of the pattern, not an independently verified explanation.
Rank #2
The Specialist Watchmakers business area includes A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin. Richemont did not publish sales by individual watch Maison, unit volumes or model-level results in the announcement. The business-area decline therefore cannot be assigned to a particular brand or product.
How did sales vary by region?
Richemont reported regional changes for the Group, not a separate regional breakdown for Specialist Watchmakers. The figures below should not be read as watch-brand or watch-category growth rates.
Rank #3
- STYLISH: This Armani Exchange watch features a gold sunray dial, gold-tone stainess steel bracelet, and chronograph movement
- CASE & MOVEMENT: A men's watch with a 44mm case, 22mm band width, scratch resistant mineral crystal, accurate quartz movement with chronograph analog display, imported
- DIAL: These men's watches feature a stainless steel case with a gold dial
- WATCH BAND: Wrist watches for men with a gold-tone stainless steel bracelet; links can be removed for a customized fit
- WATER RESISTANT MENS WATCH: Up to 50m (165ft); Wearable while swimming in shallow water; 5 ATM
| Region | Change at constant exchange rates | Change at actual exchange rates |
|---|---|---|
| Europe | +11% | +11% |
| Asia Pacific | Stable | -4% |
| Americas | +17% | +10% |
| Japan | -15% | -13% |
| Middle East & Africa | +17% | +11% |
Richemont said Group sales in Europe, the Americas, and Middle East & Africa grew at double-digit rates at constant exchange rates. Asia Pacific was stable on that basis, while Japan declined.
The company attributed Japan’s 15% constant-rate decline to a comparison with 59% growth in the prior-year quarter and said a strengthening yen reduced tourist spending, particularly among Chinese customers, while local demand remained positive. For Asia Pacific, it said a 7% decline in China, Hong Kong and Macau combined was compensated by growth in almost all other Asian markets. These explanations reflect Richemont’s commentary.
Rank #4
- Case Size Diameter 43mm in Two Tone Case
- Two Tone Bracelet with Deployant Closure
- Black Guilloche Dial
- Luxury Fashion Swiss Watch with 2 Hand Quartz Movement
- MSRP: 1795.00
Did every sales channel grow?
Yes. Retail, online retail, and wholesale and royalty income each increased 6% at constant exchange rates. Their reported actual-rate changes differed:
| Distribution channel | Sales | Change at constant exchange rates | Change at actual exchange rates |
|---|---|---|---|
| Retail | €3,734 million | +6% | +3% |
| Online retail | €323 million | +6% | +3% |
| Wholesale and royalty income | €1,355 million | +6% | +2% |
Retail accounted for 69% of Group sales. The channel figures describe the Group’s distribution mix, not the Specialist Watchmakers business area alone.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Best Value
- Exquisite Craftsmanship – Designed for the Modern Gentleman: Pierre Richardson PR5922 is the perfect balance of luxury and precision. This premium 24K pure gold plated men's watch with a sleek gold finish and striking blackbackground, is a must-have for collectors and everyday wear.
- Precision Automatic Movement – Never Miss a Second: Featuring a high-accuracy Automatic movement, PR5922 ensures flawless timekeeping. Whether for business, leisure, or formal occasions, this timepiece guarantees precision and reliability.
- 10 ATM Water Resistance – Built for Durability: Made for the modern lifestyle, this water-resistant men’s watch (up to 10 ATM maximum resistance) withstands splashes, rain, and everyday wear. Designed to last, it’s the perfect companion for any setting.
- Scratch-Resistant Sapphire Crystal Glass – Lasting Clarity: Equipped with a durable sapphire crystal, PR5922 remains pristine even with daily use. Say goodbye to scratches and enjoy a clear, polished look that endures over time.
- Timeless Elegance – A Statement of Style: With its 41mm bold case, 24K pure gold plated detailing, and sophisticated design, this watch effortlessly enhances any outfit. Whether you’re at the office, a wedding, or a night out, PR5922 delivers classic refinement.
How should investors interpret the results?
The quarter shows divergent performance within Richemont: Group sales and Jewellery Maisons increased, while Specialist Watchmakers sales declined. The reported figures do not establish the reasons for the results beyond the company’s own regional commentary, nor do they show the performance of individual watch brands or models. Because the announcement’s financial information is unaudited, these figures should be read as the company’s preliminary reported results for the quarter.
Richemont’s official announcement and trading commentary are available on its press releases and news page.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
