Overview

• First-quarter revenue climbed to €5.4 billion at constant exchange rates thanks to an 11 percent increase in jewelry sales
• Specialist Watchmakers division saw a 7 percent sales decline as softened demand in Asia persisted
• Europe recorded 11 percent growth while the Americas and Middle East & Africa each jumped 17 percent
• Asia-Pacific sales fell 4 percent overall, and Japan dropped 15 percent as a strengthened yen curtailed Chinese tourist spending
• Net cash position rose to €7.4 billion after accounting for the YNAP sale, bolstering Richemont’s financial resilience