Double-digit growth for Hermès in Q1
27/04/2017
It attributed its strong performance to “the solidity of a well balanced growth model, based on the attractiveness of a rich and diversified business offering” and a healthy geographical balance in where its revenues are coming from.
Sales in Asia, excluding Japan, were up by 16% year on year, with improvements in Hong Kong and Macao and a “positive trend” in mainland China. The growth figure for Hermès sales in Japan was substantially lower at 2%.
There was a 14% increase in North America and 9% growth in Europe, excluding the company’s home market, France. The figure for France was 4%.
Across all geographies, the company’s leathergoods and saddlery business grew by 15% during the three-month period. It picked out the Constance, Verrou, Halzan and Lindy bags as models that had performed well over the period, alongside the always-popular Birkin and Kelly bags.
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