Hermès enjoys record sales in 2012
13/02/2013
Sales for the full year rose 22.6% to €3.48 billion, up from €2.84 billion a year earlier, beating analysts' expectations of €3.42 billion. In the fourth quarter, sales increased 18.5%.
In response to persistently strong demand, its leathergoods and saddlery division opened two new workshops in France last year, based in Charente and Isère.
Hermès bags – some of which retail at more than $10,000 – are particularly popular in China and the US, which were the areas that saw the most pronounced rise in sales.
Sales in Asia-Pacific, excluding Japan, were up 30% in the fourth quarter, and the Americas also saw strong growth, posting a 21% increase.
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