25 Oct 2022

Hermès has reported its financial results for the third quarter of 2022 financial year, achieving sales up 32.5% to €3.14 billion, reports ILM.

Consolidated revenue at the end of September was up by 30% at current exchange rates (up 24% at constant exchange rates), totaling €8.61 billion.

The company notes that sales in group stores benefitted from the reinforcement of its exclusive distribution network and online sales, up 23% for the quarter, while 26% growth in wholesale activities reflected a resumption in travel retail.

Asia including Japan was up by 34% in the period, continuing strong momentum alongside an improvement in Greater China despite temporary closures. Japan alone was up by 21%, which the brand put down to the loyalty of local clients.

The Americas continued its upward trend with 28% growth in the third quarter. Meanwhile, Europe excluding France was up by 25% and the company’s home market of France alone up by 28%.

All business lines within the company confirmed high levels of sales for the period, with the leather goods and saddlery division up by 13%, thanks to a strong rebound in Greater China and sustained demand.

In the ready-to-wear and accessories division, growth was 38%, thanks to the success of the brand’s ready-to-wear, fashion accessories and footwear collections.

Axel Dumas, Executive Chairman of Hermès, said: “The strong performance in the third quarter reflects the desirability of our collections all around the world and the relevance of our values. We move forward with confidence and caution while continuing to bolster our integrated model, rooted in France and committed to job creation. Our success lies in that of our teams, whom I would like to sincerely thank.”

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

 

亞太區皮革展遵循英富曼的 Informa AllSecure 規定,提高新冠肺炎疫情後活動之健康和安全標準。

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