New collections, great classics such as Birkin, production and deliveries. Hermes’ first quarter (+ 13.5%) buoyed thanks to the leather

Leather goods product division, which alone (695.9 million euros) is worth over 50% of the total turnover (1.3 Billion) of Hermès, are up 15% at constant exchange rates. To support the sales sprint – as the French label notes – is the variety of the proposal, but above all the commercial response of some models such as Constance, Verrou, Halzan and Lindy, along with classics Birkin and Kelly. Hermès, in analysing data for the first quarter of 2017 welcomes the product delivery mechanism, which has accompanied the positive performance, and recalls the investments for the production site in the Franche-Comté (Franche-Comté) region will lead to 15 Property in France. The January-March comparison period puts a favourable foundation because the first quarter of 2016 marked Hermes for the most challenging phase after the Paris bombings. The Parisian Maison maintains some prudence in the expectations for the current year. The start is, however, confident. Consolidated Group revenues are up 13.5%, with organic growth in all markets: Europe (+ 9%), Asia (+ 16%) and Americas (+ 14%). The only concern is the French market (+ 4%), where, however, weighs the climate of expectation generated by the Presidential campaign.


Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now