Hermes has delivered a great quarter with sales growing by 11.6% at constant rates. Growth was boosted by leather goods, which benefited from increased production capacity in 2018, and Asia. We will upgrade our forecasts but not our recommendation.
25 Apr 2019
Strong Q1, due to leather goods in Asia
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Strong Q1, due to leather goods in Asia
Hermes International SCA (RMS:WBO) | 0 0 0.4% | Mkt Cap: 46,957m
- Published:
25 Apr 2019 -
Author:
Rim BEN SALAH -
Pages:
2
Hermes has delivered a great quarter with sales growing by 11.6% at constant rates. Growth was boosted by leather goods, which benefited from increased production capacity in 2018, and Asia. We will upgrade our forecasts but not our recommendation.