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A growth in Hermès sales in the third quarter
 
Le 29-11-2017

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

 



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