Sales were up by 19% at constant exchange rates. The retail channel saw growth of 19% (24% at constant rates) to reach €3.62 billion in revenue for the quarter, while the wholesale and royalty income channel was up by 8% (11% at constant rates) to €1.4 billion and online retail was down by 1% (up by 2% at constant rates) to €298 million.

The company noted that retail now comprises 68% of group sales, with direct-to-client sales representing 74% of the total.

By region, Richemont saw growth of 10% in Europe (11% at constant rates) to €1.13 billion for the period. Meanwhile, the Asia Pacific was up by 32% (40% at constant rates) to €2.24 billion and Japan was up by 6% (14% at constant rates) to €424 million.

The Americas had a decline of 4% (2% at constant rates) to €1.1 billion, while the Middle East and Africa was up by 12% (15% at constant rates) to €432 million.

By business area, growth was driven by the group’s jewellery Maison’s, up by 19% (24% at constant rates) to €3.6 billion, while its specialist watchmakers were up by 6% (10% at constant rates) to €1.06 billion and other business were up by 4% (6% at constant rates) to €662 million.