2 August 2023

Sales at upmarket French leather goods and saddle maker Hermes accelerated in the second quarter, showing the resilience of global demand for the group’s high-end leather goods despite a difficult global economic backdrop, writes ILM.

Group sales for the three months to the end of June came to €3.32 billion, up 27.5% at constant exchange rates with double-digit growth in all regions.

Recurring operating income for the first half was €2.96 billion, up 28%, while margins climbed to 44%, compared to 42% in the first half of last year.

Revenue was driven by sales increases at both in stores and in wholesale activities, supported by the rebound in travel retail, the company said.

Hermes said the strongest growth was in Asia, helped by Chinese New Year celebrations, and by momentum in Singapore, Thailand, Australia and Korea.

The company backed its medium-term goal for revenue growth at constant exchange rates.

Hermes targets wealthy consumers and bases its business model in exceptional quality and limited production to maintain exclusivity. As a result, it continues to outperform its rivals in the luxury space.

關於亞太區皮革展 ​



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。