The growth of Hermés is the most “normal” of the last five years: + 7.5%. “Driving” leather: + 14%. The CEO: “I am optimistic.”

Dissatisfaction that must be taken with added caution and carefully evaluated. Last September, Hermés announced that the closure of 2016 would not have ridden the wave of success experienced a few seasons ago, but it would be in a condition of “normalisation.” So, here is the last year’s budget, for the French fashion house, stood at 5.2 billion euro share, 7.5% more on 2015, with the last quarter that posted sales of 1, 5 billion euro, equal to + 8% on an annual basis. Good, in any case, the performance of the division Leather upholstery, which is still the most dynamic in the brand and, in 2016, it grew by 14%. Watches and silk products, on the other hand, were in loss. Hermés announced that it has rallied + 8% in Europe, + 7% in the United States, + 9% in Japan, and + 7% in Asia. In a Bloomberg interview, the CEO Axel Dumas said that “we are noticing a progression of the Chinese market and a renewed appetite for luxury goods purchases. I am optimistic about the growth of this market. ” Meanwhile, however, the spread of the financial statements did lose two percentage points to the title, listed on the Paris Stock Exchange.

PREMIUM CONTENT

Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now
×
Sei un nuovo utente? Abbonati/Registrati