Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Hermès expects half-year margin decline due to weak euro

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%.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.