
Hermès: a winner in the CAC in 2024
(CercleFinance.com) - Hermès is one of the winners of the 2024 in the CAC40 index, having risen by around 20% over the year, compared with a 2.
5% fall in the flagship index in Paris.
Despite a difficult global economic environment, marked by a slowdown in consumer spending in China, Hermès stands out with impressive growth of over 14% since the start of the year, Saxo Banque already said in mid-December.
The luxury house continues to rely on the excellence of its products and their rarity, guaranteeing high margins. With a low level of debt, the brand is posting remarkable financial results, the Danish bank continues.
For H1, Hermès posted recurring operating income of E3.1bn, i.e. a margin of 42% on sales that rose 15% to E7.5bn (+12% at constant exchange rates).
The group maintained strong growth in Q3 (+11% at constant exchange rates), with increases in all regions, despite a particularly high comparison basis in Europe and Asia Pacific'.
More recently (20 December), Oddo BHF raised its target price for the share from E2164 to E2315, while maintaining its 'neutral' rating on it, judging that at the current price it does not appear to have significant potential for revaluation.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
5% fall in the flagship index in Paris.
Despite a difficult global economic environment, marked by a slowdown in consumer spending in China, Hermès stands out with impressive growth of over 14% since the start of the year, Saxo Banque already said in mid-December.
The luxury house continues to rely on the excellence of its products and their rarity, guaranteeing high margins. With a low level of debt, the brand is posting remarkable financial results, the Danish bank continues.
For H1, Hermès posted recurring operating income of E3.1bn, i.e. a margin of 42% on sales that rose 15% to E7.5bn (+12% at constant exchange rates).
The group maintained strong growth in Q3 (+11% at constant exchange rates), with increases in all regions, despite a particularly high comparison basis in Europe and Asia Pacific'.
More recently (20 December), Oddo BHF raised its target price for the share from E2164 to E2315, while maintaining its 'neutral' rating on it, judging that at the current price it does not appear to have significant potential for revaluation.
Copyright (c) 2025 CercleFinance.com. All rights reserved.