‘Remarkable’ leather growth for Hermes
02/09/2015
However, taking into account currency impacts, growth was 9%.
Sales grew 20% in Japan, 7% in the rest of Asia, 10% in the Americas and 7% in Europe.
The growth of leathergoods and saddlery (+14%) was “remarkable” said the company, supported by increased of the production capacities in Charente and Isère.
It said: “Despite economic, geopolitical and monetary uncertainties around the world, the group is maintaining its medium-term objective of increasing the turnover at constant rates in the area of 8%.
"For 2015, operational profitability should be lower than 2014 (31.5%) owing to the negative impact of currency fluctuations.”
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