FRANCE: Hermès in 24% Q3 sales surge
French luxury fashion and lifestyle group Hermès has posted a 22.7% surge in sales for the first nine months of the year to EUR2.44bn, with third quarter sales up 24.2%.
The company said all regions had registered revenue increases, led by non-Japan Asia with a 24% sales rise, thanks to strong growth in China, Singapore and Hong Kong.
Meanwhile, Japan revenues rose 4%, and the increases for France and the rest of Europe were 13% and 18% respectively.
Sales in the Americas were up 11%, with Hermès highlighting strong comparisons last year, when revenues surged up 30%.
In terms of sectors, ready-to-wear and fashion accessories were up 21%, while silk and textiles increased 14%.
Hermès said full-year revenues could grow by more than 13%, with operating margins between the level of 2010 and 2011’s record high.
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