The high-end luxury maker ended the year at the top of up-market performers. In Q4, sales were up 8% (+7% at constant rates), slightly below rival LVMH which posted a reported growth of 9%. The mainstay business confirmed its resilience with 8.5% growth at CER (+10.2% reported) to reach €742m. Silk & textile products and perfumes benefited from the favourable momentum at year-end, growing by 11% and 16.9% respectively at CER. Watch sales declined by 11.6% to €45.4m. Other produc
08 Feb 2017
Growth is in the “bags”
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Growth is in the “bags”
Hermes International SCA (RMS:WBO) | 0 0 0.4% | Mkt Cap: 46,957m
- Published:
08 Feb 2017 -
Author:
Rim BEN SALAH -
Pages:
2
The high-end luxury maker ended the year at the top of up-market performers. In Q4, sales were up 8% (+7% at constant rates), slightly below rival LVMH which posted a reported growth of 9%. The mainstay business confirmed its resilience with 8.5% growth at CER (+10.2% reported) to reach €742m. Silk & textile products and perfumes benefited from the favourable momentum at year-end, growing by 11% and 16.9% respectively at CER. Watch sales declined by 11.6% to €45.4m. Other produc