French luxury brand Hermès has forecast that its first-half operating margin will dip slightly on last year because of the weaker euro.
However, it has retained its medium-term sales growth target of around 8% at constant exchange rates.
Revenue was up 9.7% to €1.2bn (£828m) in the second quarter thanks to sales of leather goods and growth in Japan.
The leather goods and saddler division grew 14.9% at constant exchange rates, while sales in Japan were up 26.5%.
Ready-to-wear and fashion accessories grew 6.4%.