In early November, the Hermès group published its quarterly information report as at the end of September 2017.
Consolidated revenues amounted to €4,050 million, up 10% at constant and current exchange rates. The group’s stores posted a solid increase in sales (+11% at constant exchange rates).
This growth was driven by all geographical areas, with a well-balanced contribution from all sectors (data provided at constant exchange rates). Asia excluding Japan (+14%) pursued its progress, despite a strong comparison basis, and benefited in particular from the favourable sales momentum both in mainland China and in South Asian countries. Japan (+5%) achieved solid performance, despite the strengthening of the Yen. America (+9%) developed in a still contrasting economic environment. The area continued to expand in Brazil with the new Sao Paulo Iguatemi store that opened in June. Europe (+9%) confirmed its strong performance, driven particularly by the success of the store openings and extensions in Rome, London and Munich, and by a healthy increase in the group’s stores in France.
All sectors recorded growth, with a remarkable performance of the Ready-to-Wear and Accessories, Silk and Textiles, and Perfumes business lines. The Watches business line (+1%) continued its slight improvement in the third quarter.
Fédération de l'industrie horlogère suisse