Hermès chief executive pays tribute to workforce
08/05/2018
During the first three months of the year, the company achieved consolidated revenue of just under €1.4 billion. This represents a year-on-year increase of 11% at constant exchange rates.
The chief executive of Hermès, Axel Dumas, said: “All of the métiers have posted strong growth, as well as all regions. I would like to thank the designers, craftspeople and sales teams, and all of the men and women who work for our house for their efforts, which have contributed to achieving these solid results.”
The group’s leathergoods and saddlery division saw its sales grow 8% in the first quarter, which it attributed to “the success of the collections and the diversity of models”.
It continues to increase its production capacity, with the opening of the Manufacture de L’Allan in early April and the beginning of work on two new production sites, in Guyenne and in Montereau. These are likely to be completed by 2020.
Hermès achieved strong sales growth in all geographical regions, most notably Asia excluding Japan (+16%), America (+9%) and Europe excluding France (+7%).
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