×
533
Fashion Jobs
RALPH LAUREN
Assistant General Manager
Permanent · Portsmouth
TOMASZ DONOCIK
Digital Marketing & Sales Coordinator
Permanent · LONDON
LEVI'S
Global Security & Resilience Manager Europe
Permanent · London
PUMA
Digital Marketing Executive Uki
Permanent · Manchester
PUMA
Supply/Planning & Purchasing Controller
Permanent · London
PUMA
Sales Support Coordinator With Golf Experience
Permanent · Castleford
PUMA
Strategic Key Account Manager jd Group
Permanent · Manchester
LEVI'S
Digital Key Account Manager - Footwear & Accessories
Permanent · London
LEVI'S
Licensing Operations Manager
Permanent · London
FOREO
Head of Marketing
Permanent · London
SHISEIDO
Senior Marketing Manager - Shiseido
Permanent · London
SHISEIDO
Bareminerals Account Manager - Moores, Colearine
Permanent · Coleraine
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
GUCCI LIMITED
Gucci Client Advisor (Part-Time)
Permanent · BIRMINGHAM
LEVI'S
Levis Cambridge Tailor 8 - 25 Hours
Permanent · Cambridge
LEVI'S
Levis Cambridge Sales (Weekends & Weekdays)
Permanent · Cambridge
LEVI'S
Key Holder - 16 Hour Contract
Permanent · Stretford
OTIS JAXON
a Pourvoir Immédiatement - Stage e - Commerce Bijoux
Internship · LONDON
OTIS JAXON
Jewellery Admin Internship – Ecommerce Jewellery Company - London
Internship · LONDON
OTIS JAXON
Social Media And Content Creation Internship
Internship · LONDON
MARIA TASH LIMITED
Business Development Coordinator
Fixed-term · LONDON
SPOT ON MINDS LTD
HR Recruiter Internship
Internship · LONDON
By
AFP
Published
Jul 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hermès bags 'solid' growth in first half

By
AFP
Published
Jul 21, 2017

Luxury goods maker Hermès said Friday that it notched up "solid" growth in the first six months of the year and in the second quarter, driven by rising sales across all regions.


European sales were up by seven percent - Photo: Hermès


Hermès said in a statement that sales grew by 8.9 percent to 1.36 billion euros ($1.6 billion) in the three months to June, pushing first-half sales up by 11.2 percent to 2.71 billion euros.

"We're very happy with these results. They show the stability of our growth and the strength of our business model," Hermès' chief Axel Dumas told a telephone news conference.

"The operating profitability at the end of June should be close to the highest historical level achieved last year," Hermès said in a statement.

But it cautioned that the first-half performance "cannot be extrapolated over the full year, due in particular to the favourable impact of foreign exchange hedges in the first months of the year."

The group did not provide any specific sales targets for the current year, but said that "in the medium-term, despite growing economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates."

Sales in Asia, excluding Japan, grew by 14 percent at constant exchange rates in the period from January to June.

Sales in Japan were up three percent, sales in America grew by nine percent and European sales were up by seven percent.

By division, the leathergoods and saddlery division notched up the strongest growth of 12 percent. Sales of ready-to-wear and fashion accessories expanded by 10 percent. The silk and textiles division grew by six percent and perfumes by eight percent.

Sales of watches, on the other hand, declined by one percent in the six-month period, "penalised by a still challenging market," Hermès said.

 

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.