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RICHEMONT AD HOC ANNOUNCEMENT PURSUANT TO ART . 53LR 12 NOVEMBER 2021 RICHEMONT ANNOUNCES STRONG PERFORMANCE FOR THE SIX - MONTH PERIOD ENDED 30 SEPTEMBER 2021 Highlights Richemont sales rose by strong double - digits across all business areas , channels and regions compared to the prior - year period . Sales also significantly exceeded pre - pandemic levels . Compared to the six - month period ended 30 September 2020 Strong double - digit increases across Maisons , businesses and channels led to half year sales up by 63 % at actual exchange rates to € 8 907 million , and by 65 % at constant exchange rates • Triple - digit growth in the Americas , reaching sales levels close to Europe ; substantial double - digit growth in the other regions • Significant improvements across all business areas , led by the Jewellery Maisons and Specialist Watchmakers . Group operating profit of € 1 949 million , leading to a 22 % operating margin ● Profit for the period rose to € 1 249 million ● Cash flow from operating activities nearly doubled to € 1 781 million Compared to the six - month period ended 30 September 2019 Sequential growth acceleration from first quarter to second quarter led to half year sales increases of 20 % at actual exchange rates and 24 % at constant exchange rates • Pre - pandemic sales levels exceeded in most business areas , channels and regions at actual and constant rates ⚫ Outstanding sales performance of Jewellery Maisons ( + 36 % and + 41 % sales growth at actual and constant exchange rates , respectively ) ; robust rebound of Specialist Watchmakers ( + 7 % and + 10 % ) ; consolidation of Other ( -1 % and + 3 % ) and steady growth of Online Distributors ( + 8 % and + 11 % ) • Solid double - digit sales increases in the Americas , Asia Pacific and Middle East and Africa , with Europe and Japan seeing a gradual recovery • Robust double - digit sales growth in online and offline retail sales ( 74 % of Group sales ) Key financial data ( unaudited ) Six months ended 30 September Sales Gross profit Gross margin Operating profit Operating margin Profit for the period Earnings per ' A ' share / 10 ' B ' shares , diluted basis Cash flow generated from operating activities Net cash position 2021 € 8 907 m € 5 638 m 63.3 % € 1949 m 21.9 % 2020 € 5478 m € 3 165 m 57.8 % € 452 m 8.3 % 2019 € 7 397 m € 4610 m 62.3 % € 1 165 m 15.7 % % change 2021 vs 2020 vs 2019 € 1 249 m € 159 m € 2.145 € 0.281 € 869 m € 1.533 + 63 % + 78 % +550 bps + 331 % +1 360 bps + 686 % + 663 % + 20 % + 22 % +100 bps + 67 % +620 bps + 44 % + 40 % € 1781 m € 926 m € 928 m + 92 % + 92 % € 3 153 m € 2 111 m € 1770 m 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