FRANCE: Hermes expects FY sales growth to top 10%
French luxury group Hermes has said it expects full-year sales to "slightly exceed" its growth target of 10%, after second-quarter sales were boosted by higher demand in Asia and the Americas.
The company said first half sales reached EUR1.77bn (US$2.32bn), up 14.4% on the same period last year. Excluding the negative impact of currency fluctuations, sales rose 11%.
Non-Japan Asia and the Americas regions recorded the largest growth - each rising 17%, while Japan, France and the rest of Europe posted gains of 8%, 13% and 14% respectively.
The group's ready-to-wear and fashion accessories business saw sales jump 21%, while the silk and textiles sector reported 13% growth and its leatherwork and saddlery division saw sales increased 10%.
During the second quarter, sales were up 11% to EUR910.4m from EUR814.5m last year.
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