The better than expected performance in France and the continued good dynamics in the Americas in Q4 19 have allowed the group to finish the year in line with consensus expectations. Management has confirmed that the temporary store closures and sharp traffic reduction during the epidemic period in China should weigh on the group’s Q1 20 results. However, we believe that Hermès should be the most resilient luxury group in the industry thanks to the long waiting lists for its prod
26 Feb 2020
Resilient
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Resilient
Hermes International SCA (RMS:WBO) | 0 0 0.4% | Mkt Cap: 46,957m
- Published:
26 Feb 2020 -
Author:
Jie Zhang -
Pages:
3
The better than expected performance in France and the continued good dynamics in the Americas in Q4 19 have allowed the group to finish the year in line with consensus expectations. Management has confirmed that the temporary store closures and sharp traffic reduction during the epidemic period in China should weigh on the group’s Q1 20 results. However, we believe that Hermès should be the most resilient luxury group in the industry thanks to the long waiting lists for its prod