Johann Rupert-controlled Richemont has seen a massive rise in its profit for the year ended 31 March 2026. <\/p>\n\n\n\n
Rupert is the chairman of the group. Although the Rupert family does not own a majority of the company, it owns all the private, unlisted B shares, giving it 51% voting control.<\/p>\n\n\n\n
Most of Rupert’s billions come from the family’s stake in Richemont, which owns Cartier, Van Cleef & Arpels, Montblanc, and more.<\/p>\n\n\n\n
Over the financial year, the group saw its sales grow to EUR 22.4 billion (roughly R428.3 billion at current exchange rates), up by 11% at constant rates (5% actual). <\/p>\n\n\n\n
The group said it saw sales growth across all business areas, regions, and distribution channels at constant rates. <\/p>\n\n\n\n
Sales growth was also supported by a sustained double-digit performance at Jewellery Maisons and in the Americas throughout the year.<\/p>\n\n\n\n
The group’s operating profit was up by 1%, or by 23% at constant exchange rates, resulting in a 20.0% operating margin. <\/p>\n\n\n\n
The group said that Jewellery Maisons continued to show strength, with sales up 8% or 14% at constant exchange rates.<\/p>\n\n\n\n
Sales at Specialist Watchmakers were down 4% at actual exchange rates, but up 1% at constant exchange rates, led by a return to growth in the second half of the financial year.<\/p>\n\n\n\n
The group’s other business areas saw sales down 2% or up 3% at constant exchange rates, resulting in an operating loss of EUR 96 million (about R1.84 billion).<\/p>\n\n\n\n
Overall, the group recorded a EUR 3.5 billion (R66.9 billion) profit for the period, which was a 27% increase from the previous financial year. <\/p>\n\n\n\n
This rise in profit was supported by the group’s robust operating profit and the non-recurrence of the Yoox Net-A-Porter write-down in the prior year amid its sale.<\/p>\n\n\n\n
It added that it has a strong net cash position at EUR 8.5 billion (approximately R162.5 billion), allowing it to declare a proposed ordinary dividend of CHF 3.30 (R69.07) per 1 A share or 10 B shares. <\/p>\n\n\n\n
The group also proposed a special dividend of CHF 1.00 (R20.93) per 1 A share or 10 B shares.<\/p>\n\n\n\n Johann Rupert-controlled Richemont has seen a massive rise in its profit for the year, and has declared a special dividend. <\/p>\n","protected":false},"author":95,"featured_media":807166,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[4665],"class_list":["post-861158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-richemont"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=861158"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861158\/revisions"}],"predecessor-version":[{"id":861162,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861158\/revisions\/861162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/807166"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=861158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=861158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=861158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Financials<\/strong><\/td> 2026<\/strong><\/td> 2025<\/strong><\/td> change<\/strong><\/td><\/tr><\/thead> Sales<\/strong><\/td> EUR 22 420m (ZAR R428,730m)<\/td> EUR 21,399m (ZAR 409,149m)<\/em><\/td> +5%<\/td><\/tr> Gross profit<\/strong><\/td> EUR 14,438m (ZAR 276,055m)<\/em><\/td> EUR 14,319m (ZAR 273,779m)<\/em><\/td> +1%<\/td><\/tr> Gross margin<\/strong><\/td> 64.4%<\/td> 66.9%<\/td> -250 bps<\/td><\/tr> Operating profit<\/strong><\/td> EUR 4,492m (ZAR 85,887m)<\/em><\/td> EUR 4,467m (ZAR 85,409m)<\/em><\/td> +1%<\/td><\/tr> Operating margin<\/strong><\/td> 20.0%<\/td> 20.9%<\/td> -90 bps<\/td><\/tr> Profit for the year from continuing operations<\/strong><\/td> EUR 3,464m (ZAR 66,232m)<\/em><\/td> EUR 3,762m (ZAR 71,929m)<\/em><\/td> -8%<\/td><\/tr> Profit\/(loss) for the year from discontinued operations<\/strong><\/td> EUR 20m (ZAR 382m)<\/em><\/td> EUR (1,012)m (ZAR -19,349m)<\/em><\/td> <\/td><\/tr> Profit for the year<\/strong><\/td> EUR 3,484m (ZAR 66,614m)<\/em><\/td> EUR 2,750m (ZAR 52,580m)<\/em><\/td> +27%<\/td><\/tr> Dividend per ‘A’ share\/10 ‘B’ shares<\/strong><\/td> CHF 3.30 (ZAR 69.07)<\/em><\/td> CHF 3.00 (ZAR 62.79)<\/em><\/td> +10%<\/td><\/tr> Special dividend per ‘A’ share\/10 ‘B’ shares<\/strong><\/td> CHF 1.00 (ZAR 20.93)<\/em><\/td> –<\/td> <\/td><\/tr> Earnings per ‘A’ share\/10 ‘B’ shares, diluted basis<\/strong><\/td> EUR 5.909 (ZAR 112.98)<\/em><\/td> EUR 4.671 (ZAR 89.31)<\/em><\/td> +27%<\/td><\/tr> Earnings per ‘A’ share\/10 ‘B’ shares, basic<\/strong><\/td> EUR 5.926 (ZAR 113.30)<\/em><\/td> EUR 4.689 (ZAR 89.65)<\/em><\/td> +26%<\/td><\/tr> Headline earnings per ‘A’ share\/10 ‘B’ shares, basic<\/strong><\/td> EUR 6.132 (ZAR 117.24)<\/em><\/td> EUR 6.351 (ZAR 121.43)<\/em><\/td> -3%<\/td><\/tr> Cash flow generated from operating activities<\/strong><\/td> EUR 4,880m (ZAR 93,306m)<\/em><\/td> EUR 4,443m (ZAR 85,050m)<\/em><\/td> +EUR 437m<\/td><\/tr> Net cash position<\/strong><\/td> EUR 8,496m (ZAR 162,443m)<\/em><\/td> EUR 8,257m (ZAR 157,874m)<\/em><\/td> +EUR 239m<\/td><\/tr><\/tbody><\/table><\/div>
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