Richemont Q1 Group Sales At Eur 5.4 Bln, Up By 6% At Constant Exchange Rates

COMPAGNIE FINANCIERE RICHEMONT SA CFR:

• POSTS SOLID START TO THE YEAR FOR ITS FIRST QUARTER ENDED 30 JUNE 2025

• Q1 GROUP SALES AT EUR 5.4 BILLION, UP BY 6% AT CONSTANT EXCHANGE RATES AND BY 3% AT ACTUAL EXCHANGE RATES IN A VOLATILE MACROECONOMIC AND GEOPOLITICAL CONTEXT

• NET CASH POSITION AT €7.4 BILLION AFTER YNAP DEAL

• Q1 CONTINUED STRENGTH AT JEWELLERY MAISONS, UP BY 11% AT CONSTANT EXCHANGE RATES

• ROBUST NET CASH POSITION AT EUR 7.4 BILLION, AFTER CASH TRANSFERRED TO YNAP UPON CLOSING OF SALES TRANSACTION WITH LUXEXPERIENCE

• Q1 SOFTER SEQUENTIAL RATE OF DECLINE AT SPECIALIST WATCHMAKERS, DOWN BY 7%

• Q1 'OTHER', INCLUDING FASHION & ACCESSORIES MAISONS, AT -1%

• IN EUROPE, SALES GREW BY 11%