Amid the tough context and the weakening demand, Hermes outperformed with 6.1% sales growth in Q1 16 to reach €1,191m. The group’s stores posted a surge of 8% at constant exchange rates. The group’s performance was underpinned by the mainstay leather goods and saddlery segment which experienced favourable sales momentum in all regions. The division grew by 15.5% to €591m, boosted by a strong desirability sustained by the increase in production capacities at two new sites
