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Building on over 10 years of outstanding results, Hermès expects top-line growth to continue its momentum, driven by 1/3rd volume, 1/3rd by price and 1/3rd by the perimeter.
The analysts day highlighted that Hermès’ exceptional performance over the last 10 years was mainly driven by the Hermès women and men behind the brand and authentic artisanal model.
The group will continue its commitment to reducing emissions to combat climate change, and biodiversity protection, resource rationalisation
Companies: Hermes International SCA (RMS:EPA)Hermes International SCA (RMS:PAR)
Hermès published consensus-beating results. All business lines and all geographical regions experienced a better-than-expected quarter. Unlike its industry peer, which recorded softer growth in Asia due to the COVID-19-related restrictions, Hermès reached 29% of sales growth in Asia, mainly driven by China.
While we had been worried that the Chinese government’s ambition for wealth redistribution would hold back luxury spending, Hermès has proved with solid figures that, even though the growth
After LVMH and Kering, Hermès also published an exceptional set of H1 21 results.
All divisions reported triple-digit growth in Q2. In addition to the strong top-line momentum, the operating margin reached an all-time high (40.7% vs. 34.8% in H1 19), mainly thanks to relatively higher stocks from 2020, lower fixed costs and geographic mix.
The group expect the re-acceleration in marketing spending and higher investment will normalise the margin in H2 21.
Benefiting from the enduring strong appetites of Chinese and Japanese consumers for Hermès’ designs, the strong deliveries made at year-end and the diversifications in metiers, the group has reported another stunning Q1 21 performance.
Despite the ongoing pandemic, the strong dynamic of luxury consumption and unwavering desirability of the brand will continue to drive the growth for the rest of the year; however, the group has confirmed that the higher investment in marketing will weigh on the
The outstanding year-end performance has led Hermès to end the year outperforming the industry yet again. The impressive sales growth in Asia including Japan in the second half of the year has proved again that Hermès remains the most desirable brand in the region.
Companies: Hermes International SCA
Hermès has reported an impressive Q3 20 trading update after LVMH encouraged the market last week. The unrivaled desirability of the brand has driven an outstanding performance in Asia ex-Japan and a good improvement in Japan, enabling the group to be the first luxury player to turn to positive growth despite the ongoing pandemic.
The group confirmed that the good trend has continued in October.
The H1 20 figures have shown that nobody is immune to the pandemic crisis. Despite the stronger beginning of the year, all regions have reported a sharp decline in Q2 20 except for mainland China. Heavier than expected fixed costs have dragged down the operating margin to 21.5% (vs. 34.8% in H1 19).
However, the maintained expansion plans, the encouraging recovery in Asia, and the lower tourist exposure have together enhanced our confidence in the group’s post-pandemic outlook.
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 products.
Hermès has beaten estimates and increased its sales by 15% at CER in Q3. The strong growth trend in Mainland China has been maintained in early October which is reassuring for a promising close of the year.
Hermès has maintained its record 2018 operating performance and reported a recurring operating margin of 34.8%. The negative impact of Hong Kong protests, felt mainly in August, was offset by higher demand in mainland China.
Hermès has reported another striking quarter. Sales at constant rates were up 12.3% in Q2 and 12% in H1. Hermès confirms once again its strong outlook.
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.
Another year of higher profits from Hermès and an operating margin close to the record 2017 level. The recurring operating profit was up 6% to reach €2,045m.
Despite the slow-down reported in France by late 2018, Hermès has maintained its growth at 9.6% at local currency in Q4 (flat compared to Q3). Quarterly sales came to €1,650m (+10.1% reported). All regions have speeded up their growth at local currency except in America where growth has decelerated to 7.9% vs. 14% in Q3. Sales in France increased by 4.8%, while Other Europe sales were up 8.5% at CER. Asia (ex Japan) has maintained its strong momentum, surging by 13.1% at CER. Revenue in Japan ed
The growth path is maintained in Q3. Sales were up by 9.6% at CER in Q3 and by 10.7% in the nine months.
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