Sales Highlights

• Sales increased by 14 % to € 10 150 million and by 9 % on a constant basis

• Solid growth across segments,regions and channels

• Operating profit increased by 18 % to € 2 426 million

• Operating margin gained 80 basis points to reach 24 %

• Profit for the year rose by 30 % to € 2 005 million

• Cash flow from operations of € 1 944 million

• Proposed dividend of CHF 1.00 per share

Overview of Results by Johann Rupert, Chairman

We are pleased to report that Richemont has achieved solid sales growth across all segments, geographic regions and channels during the year. The Jewellery Maisons and the Specialist Watchmakers have reported remarkable growth in sales and profits, despite the continuing strength of the Swiss franc and historically high cost of precious metals and stones. Among our other Maisons, Net-a-Porter continues to enjoy sales growth above the Group average.

Montblanc and the Fashion and Accessories Maisons grew in the mid-single digits, reflecting challenging conditionsin their major markets. The Group’s operating profitwas 18%higherthan the prior year. The net profit increase of 30 % was largely achieved due to the non-recurrence of non-cash charges related to the strengthening of the Swiss franc in the previous year.

These performances reflect the commitment and efforts of all our colleagues, the strength of our Maisons and the efficiencies provided by the Group’s shared service platforms. Next