Compagnie Financière Richemont S.A. (0QMU) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Richemont Financial Year 2026 Interim Results Presentation. I am Sandra, your call operator. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Richemont. Please go ahead. Thank you, Sandra, and good morning, everyone. Thank you for joining us for Richemont's half-year results presentation for the period ended 30th September 2025. Here with us today are Johan Rupert, Chairman, Nicolas Boss, CEO, Burka Grund, CFO, and James Fraser, Investor Relations Executive. We would like to remind you that the company announcement and results presentation can be downloaded from richmond.com and that the replay of this audio webcast would be available on our website today at 3 p.m. Geneva time. Before we begin, please take note of our disclaimer regarding forward-looking statements in our ad hoc announcements and on slide two of our presentation. Turning now to the presentation, Burkhardt will begin by discussing key highlights and group sales. I will then provide further detail on the performance of our maisons. And finally, Burkhardt will take you through the financials and offer some concluding remarks. This presentation will then be followed by a Q&A session. Burkhardt, over to you. Thank you, Alessandra. Good morning to everyone and thank you for joining us today. Deschamps delivered solid results in the first half in a complex macroeconomic and geopolitical environment. Sales for the period reached €10.6 billion, up by 10% at constant exchange rates and by 5% at actual exchange rates. Operating pro...