Hermès: sales up at E11.2bn at end-September
(CercleFinance.com) - The group's consolidated sales amounted to E11.
2bn at end-September 2024, up 13.8% at constant exchange rates and 11.4% at current exchange rates compared with the same period in 2023.
Q3 sales continued to grow, reaching E3.7bn, up 11.3% at constant exchange rates and 10.1% at current exchange rates. All regions reported growth, despite a particularly high basis of comparison in Europe and Asia-Pacific, it says.
Leather Goods and Saddlery continued to progress, with sales up 17.3% at constant exchange rates to E4,789m at end-September. Demand remains strong for both iconic models, which are constantly being reinvented, and for new models". The Apparel and Accessories division confirmed its solid momentum, with sales up +14.8% to E3,296m.
The Silk and Textiles business grew by +2.2% to E646m at end-September. Perfumes and Beauty posted growth of +6.8% to E388m.
In the medium term, management says that despite economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious sales growth target at constant exchange rates.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
2bn at end-September 2024, up 13.8% at constant exchange rates and 11.4% at current exchange rates compared with the same period in 2023.
Q3 sales continued to grow, reaching E3.7bn, up 11.3% at constant exchange rates and 10.1% at current exchange rates. All regions reported growth, despite a particularly high basis of comparison in Europe and Asia-Pacific, it says.
Leather Goods and Saddlery continued to progress, with sales up 17.3% at constant exchange rates to E4,789m at end-September. Demand remains strong for both iconic models, which are constantly being reinvented, and for new models". The Apparel and Accessories division confirmed its solid momentum, with sales up +14.8% to E3,296m.
The Silk and Textiles business grew by +2.2% to E646m at end-September. Perfumes and Beauty posted growth of +6.8% to E388m.
In the medium term, management says that despite economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious sales growth target at constant exchange rates.
Copyright (c) 2024 CercleFinance.com. All rights reserved.