Hermes confirmed once again its resilience amid the challenging backdrop. After the misguided lowering of FY 16 growth guidance, the group’s sales accelerated in Q3 and were up 9% at constant rates to reach €1,257m (+10% reported). A favourable momentum was experienced in almost all regions. Asia Pacific outperformed with a 14.2% surge at CER to €434.3m. In Japan, sales edged up 5.6% at CER to reach €177.1m. Leaving aside France, which was hit by lower tourist inflows (-0
03 Nov 2016
A beautiful acceleration in Q3
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A beautiful acceleration in Q3
Hermes International SCA (RMS:WBO) | 0 0 0.4% | Mkt Cap: 46,957m
- Published:
03 Nov 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Hermes confirmed once again its resilience amid the challenging backdrop. After the misguided lowering of FY 16 growth guidance, the group’s sales accelerated in Q3 and were up 9% at constant rates to reach €1,257m (+10% reported). A favourable momentum was experienced in almost all regions. Asia Pacific outperformed with a 14.2% surge at CER to €434.3m. In Japan, sales edged up 5.6% at CER to reach €177.1m. Leaving aside France, which was hit by lower tourist inflows (-0