HERMÈS is one of the powerhouse in the Luxury industry. The last published results are proving it again.
Sales reached 5.5 billion euros for 2017 as a whole, up 9 percent year-on-year, while fourth-quarter revenues were down 0.4 percent to 1.5 billion euros.
"There is good momentum in our industry because of demographics and because of the economic growth of China and the worldwide economy," declared chief executive Axel Dumas.
"We are confident for the future and it will continue I hope at this kind of pace," he added.
Hermès' sales at constant currencies rose 5 percent in the fourth quarter, a slight slowdown from the previous three months and a touch below forecasts. Analysts had expected growth to ease to closer to 6 percent from 11 percent a quarter earlier.
Hermès shares, which hit a record high of 468.30 euros in April 2017, dipped 0.3 percent to 430.90 euros in early session trading.
Hermès, due to report full results on March 21, said operating profitability should be close to the level recorded over the first half of last year, when it hit a record 34 percent.
Thierry Nataf
President & CEO
THE LUXURY CONSULTING COMPANY
#thierrynataf
#theluxuryconsultingcompany
@theluxuryconsultingcompany
#Hermès
@Hermès
Sales reached 5.5 billion euros for 2017 as a whole, up 9 percent year-on-year, while fourth-quarter revenues were down 0.4 percent to 1.5 billion euros.
"There is good momentum in our industry because of demographics and because of the economic growth of China and the worldwide economy," declared chief executive Axel Dumas.
"We are confident for the future and it will continue I hope at this kind of pace," he added.
Hermès' sales at constant currencies rose 5 percent in the fourth quarter, a slight slowdown from the previous three months and a touch below forecasts. Analysts had expected growth to ease to closer to 6 percent from 11 percent a quarter earlier.
Hermès shares, which hit a record high of 468.30 euros in April 2017, dipped 0.3 percent to 430.90 euros in early session trading.
Hermès, due to report full results on March 21, said operating profitability should be close to the level recorded over the first half of last year, when it hit a record 34 percent.
Thierry Nataf
President & CEO
THE LUXURY CONSULTING COMPANY
#thierrynataf
#theluxuryconsultingcompany
@theluxuryconsultingcompany
#Hermès
@Hermès
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