Compagnie Financiere Richemont Sa · SIX:CFR
Compagnie Financiere Richemont Sa — Richemont — Q1 FY2025 Earnings Presentation
8 slides from Compagnie Financiere Richemont Sa's earnings presentation, July 2024
Slide 1: FY25 Q1 Sales
30 JUNE 2024 AT RICHEMONT We Craft the Fidtave
Slide 2: Forward-looking statements
Certain of the matters discussed in this document about our and our subsidiaries’ future performance, including, without limitation, store openings and closings, product introductions, sales, sales growth, sales trends, store traffic, Richemont's strategy and initiatives and the pace of execution th
Slide 3: Q1-25 Highlights: Resilient Start to the Year
Q1-25 HIGHLIGHTS: RESILIENT START TO THE YEAR › Q1-25 sales up 1% at constant exchange rates (-1% at actual exchange rates) facing: Strong comparatives of +19% prior-year period at cr (+14% at ar) Persistent macroeconomic and geopolitical uncertainties › Growth across all regions, except for Asi
Slide 4: Q1-25 Regional Growth Driven by Japan and Americas
Q1-25 REGIONAL GROWTH DRIVEN BY JAPAN AND AMERICAS % of sales, › Americas (+10%): reflecting a resilient % change at actual rates, % change at constant rates economy and sustained domestic spend 22% +4% › Asia Pacific (-18%): very high +5% Europe comparatives of +40% and low Japan 12% consumer confi
Slide 5: Q1-25: Progression in Direct-to-Client Sales
Q1-25: PROGRESSION IN DIRECT-TO-CLIENT SALES › Retail: +2% on top of +24% in the prior-year period, with a notable mid-single digit increase at Jewellery Maisons; now 69% of Group sales › Online retail: +6%, supported by growth at Jewellery and Fashion & Accessories Maisons as well as Watchfinder ›
Slide 6: Q1-25: Growth in Most Business Areas
Q1-25: GROWTH IN MOST BUSINESS AREAS › Jewellery Maisons: +4% after +24% in the prior-year period; solid growth across all regions, except for Asia Pacific; performance driven by DTC sales › Specialist Watchmakers: -13%, notwithstanding strong sales in Japan, resilience of Americas and robust perfor
Slide 7: Definitions
DEFINITIONS › yoy means year on year change vs quarter ended 30 June 2023 › Abbreviations: ar stands for actual rates and cr for constant rates › Movements at constant exchange rates are calculated by translating underlying sales in local currencies into euros in both the current period and the comp
Slide 8: Richemont Maisons and Brands
Buccellati • Cartier • Van Cleef & Arpels A. Lange & Söhne • Baume & Mercier • IWC • Jaeger-LeCoultre • Panerai • Piaget • Roger Dubuis • Vacheron Constantin Alaïa • AZ Factory • Chloé • Delvaux • dunhill • Gianvito Rossi • Montblanc • Peter Millar • Purdey • Serapian • TimeVallée • Watchfinder & Co