• Q3 sales reach EUR1.14bn (US$1.22bn)
  • Sales growth across all regions
  • Ready-to-wear and accessories sales grow 11.9% 

French luxury goods group Hermès has booked higher third-quarter earnings across all regions, despite operating in what it said was a challenging environment. 

For the three months to the end of September, group consolidated revenues reached EUR1.14bn (US$1.22bn) from EUR991m a year earlier. Hermès said currency fluctuations were favourable, representing a positive impact of EUR298m.

Sales in Europe, excluding France, recorded the highest growth at 17.6% to EUR225m. France revenues were up 11.5% to EUR171m, while Japan recorded sales growth of 16.6% to EUR143m. Asia Pacific revenues were up 1.5% to EUR384m, and in the Americas sales grew 2% to EUR205m.

Of the group's divisions, ready-to-wear and accessories recorded growth of 11.9% to EUR282m, while leathergoods and saddlery saw sales climb 8.6% to EUR533m. Silk and textiles sales, however, fell 0.5% to EUR108m. 

Hermès said it will continue its long-term development strategy based on creativity, maintaining control over know-how and securing supply.

Despite what it said are “economic, geopolitical and monetary uncertainties” around the world, the group confirmed its medium-term goal for 2015, of revenue growth at constant exchange rates of 8%. Operational profitability is expected to be lower than 2014 (31.5%) due to the diluting impact of currency fluctuations.