Hermès sales growth slows
28/04/2016
Revenue in the first three months of the year was up 6.2% to €1.19 billion, compared to the 7.2% growth recorded in the last quarter of 2015. Overall growth in revenue for last year was 8.1%.
There was an increase in revenues across all geographical regions, Japan leading the way with 13%. Growth in America was 4% whilst Europe saw 9% growth despite the reduced presence of tourists due to recent terror attacks in Paris and Brussels.
By sector, leathergoods and saddlery led the way with a 15% growth in revenues but the ready-to-wear and accessories division, which includes footwear, saw a 2% drop. The silk and textiles division was impacted by slowing sales in Greater China and America, registering a 9% dip in revenues.
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