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AD HOC ANNOUNCEMENT PURSUANT TO ART . 53 LR 16 JULY 2021 STRONG TRADING FOR THE FIRST QUARTER ENDED 30 JUNE 2021 CHANGES TO BOARD OF DIRECTORS AND SENIOR EXECUTIVE COMMITTEE Highlights Compared to the first quarter ended 30 June 2020 : Strong start to the financial year with Group sales up by 129 % at constant exchange rates and 121 % at actual exchange rates Total • Sales up by triple digits in almost all regions , channels and business areas , confirming the enduring appeal of the Group's Maisons RICHEMONT Outstanding performance of the Jewellery Maisons and the Specialist Watchmakers , with sales growth of 142 % and 143 % , respectively , at constant exchanges rates , and 132 % and 136 % , respectively , at actual exchange rates • Strong sequential improvement compared to the quarter ended 31 March 2021 Compared to the first quarter ended 30 June 2019 : Sales up by 22 % at constant exchange rates and by 18 % at actual exchange rates , exceeding pre - pandemic levels in most business areas , channels and regions Solid double - digit sales increases in the Americas , Asia Pacific and Middle East and Africa Robust double - digit sales growth in online and offline retail sales ( 73 % of Group sales ) Performance led by the Jewellery Maisons ( + 43 % and + 38 % at constant and actual rates ) April - June By region Europe Asia Pacific Americas Japan Middle East and Africa The Board of Directors approves changes to the Board and Senior Executive Committee to support the strong , sustainable development of its Maisons and businesses By distribution channel Retail Online retail Wholesale & royalty income By business area Jewellery Maisons Specialist Watchmakers Online Distributors Other Inter - segment eliminations 2021 € m 905 1933 955 240 364 2 421 809 1 167 2 515 849 637 440 -44 4 397 2020 € m 436 1 013 277 112 155 1 083 359 2019 € m 356 204 -9 1993 1 072 1423 1 052 1851 506 435 698 298 249 648 1 241 1827 823 612 493 -15 3 740 % change vs prior year constant rates actual rates + 108 % + 95 % + 276 % + 138 % + 154 % + 138 % + 67 % + 178 % + 142 % + 143 % + 86 % + 124 % + 425 % + 129 % + 108 % + 91 % + 245 % + 114 % + 135 % + 130 % + 60 % + 168 % + 132 % + 136 % + 79 % + 116 % + 389 % + 121 % % change 2021 vs 2019 constant rates . actual rates . -15 % + 40 % + 47 % -14 % + 55 % + 35 % + 29 % -3 % + 43 % + 6 % + 8 % -7 % + 204 % + 22 % -16 % + 36 % + 37 % -19 % + 46 % + 31 % + 25 % -6 % + 38 % + 3 % + 4 % -11 % + 193 % + 18 % 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