Richemont First-Half Profit Climbs 39% to €2.5 Billion

what happened

Compagnie Financière Richemont reported that unaudited sales for the six months ended 30 September 2026 rose 16% to €12.3 billion. Operating profit from continuing operations increased 33% to €3.1 billion, and profit for the period rose 39% to €2.5 billion. The information comes from the company's release distributed by GlobeNewswire, as reported by TradingView.

According to the release, growth was broad-based across business areas and regions, except Middle East and Africa. The reported operating profit includes €229 million of positive one-time items; excluding them, it was €2.9 billion. Net cash stood at €7.7 billion at 30 September 2026, reflecting operating cash flow, the Avolta stake disposal and a significantly larger September dividend.

why it matters

The growth was led mainly by the Jewellery Maisons, which followed strong sales growth in the first quarter. For the market, the key point is that excluding one-time items, profit growth is noticeably slower than the headline 33% and 39%. Results for the second half will depend on trading amid the volatile macroeconomic and geopolitical environment the company highlighted.

market impact

Richemont shares: strong sales and profit growth supports the stock, though part of the profit is one-off

• ▲Richemont shares pressure up — strong growth in sales and profit supports the company's stock

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