Compagnie Financière Richemont SA

Depository Receipts issued by Richemont Securities SA

("Richemont Securities" or "Richemont" or "the Company" or "the Group") (Incorporated in Switzerland)

Share code: CFR

ISIN: CH0045159024

Depository Receipt Code: CFR

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

15 JULY 2022

RICHEMONT ANNOUNCES DOUBLE-DIGIT SALES GROWTH

FOR THE FIRST QUARTER ENDED 30 JUNE 2022

Highlights

  • Positive start to the financial year with double-digit sales growth both at actual exchange rates (+20%) and constant exchange rates (+12%)
  • Strong performance driven by higher sales in Europe, Americas, Japan and the Middle East and Africa more than offsetting lower sales in Asia Pacific; the US, Richemont's largest single market for the quarter, comprising 22% of Group sales
  • Growth led by retail, now accounting for 58% of Group sales compared to 55% in the prior year period
  • Sales growth across all channels and business areas, both at constant and actual exchange rates:
    • Jewellery Maisons delivering sales growth of 20% at actual exchange rates (+12% at constant rates)
    • Specialist Watchmakers growing by 18% at actual exchange rates (+10% at constant rates)
    • Online Distributors increasing by 8% at actual exchange rates (+2% at constant rates)
    • Other business area progressing strongly by 36% at actual exchange rates (+28% at constant rates)

April-June

2022

2021

% change 2022 vs 2021

€m

€m

constant rates

actual rates

By region

1 290

Europe

905

+42%

+43%

Asia Pacific

1 780

1 933

-15%

-8%

Americas

1 344

955

+25%

+41%

Japan

421

240

+83%

+75%

Middle East and Africa

429

364

+6%

+18%

By distribution channel

3 051

Retail

2 421

+18%

+26%

Online retail

910

809

+5%

+12%

Wholesale & royalty income

1 303

1 167

+4%

+12%

By business area

3 015

Jewellery Maisons

2 515

+12%

+20%

Specialist Watchmakers

1 002

849

+10%

+18%

Online Distributors

691

637

+2%

+8%

Other

600

440

+28%

+36%

Inter-segment eliminations

-44

-44

-6%

-

Total

5 264

4 397

+12%

+20%

COMPAGNIE FINANCIERE RICHEMONT SA

50, CHEMIN DE LA CHENAIE | CASE POSTALE 30 | 1293 BELLEVUE | GENEVA | SWITZERLAND

TELEPHONE +41 (0)22 721 3500

WWW.RICHEMONT.COM

Please contact Computershare at Web.Queries@Computershare.co.zaif you wish to receive any documents electronically for Richemont.

This short form announcement is the responsibility of the directors of Compagnie Financière Richemont SA and is a summary of the information in the full announcement available on the Stock Exchange News Service ("SENS") at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/CFR/FY23Q1.pdfand on the Group's website: https://www.richemont.com/en/home/media/press-releases-and-news/

This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company's shares. The full announcement is also available for inspection, at no charge, at the Company's registered office (50 Chemin de la Chênaie, 1293 Bellevue, Geneva, Switzerland) and the office of the Sponsor during standard office hours.

'A' shares issued by Compagnie Financière Richemont SA are listed and traded on SIX Swiss Exchange, the Company's primary listing (Reuters 'CFR.VX'/Bloomberg'CFR:VX'/ISIN CH0210483332).

South African depository receipts in respect of Richemont 'A' shares are traded on the Johannesburg Stock Exchange, the Company's secondary listing, (Reuters 'CFRJ.J'/Bloomberg 'CFR:SJ'/ISIN CH0045159024).

Sponsor:

Rand Merchant Bank (A division of FirstRand Bank Limited)

1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196 Telephone: (011) 282 8231

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Compagnie Financière Richemont SA published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 05:53:06 UTC.