Hermes Group's Sales Increased By 25.5% In The First Quarter.
French textile daily reported on May 17th.
Hermes
The group has worked hard this year to win the first battle.
In the first quarter, sales increased by 25.5% (20.7% in fixed exchange rate), an increase of 5 percentage points over the same period last year.
Group stores accounted for 70% of its business, sales increased by 20%, and wholesale business sales increased by 23%.
Hermes executives said that in the first quarter, the development of various business areas in the world was coordinated. Sales of textiles and silk fabrics increased by 25.5%, clothing and clothing increased by 21%, leather products increased by 16.6%, and sales of other products, such as jewellery and home art, increased by 19.4%.
The Japanese disaster has not had a big impact on Hermes sales, the report said.
According to the group's estimate, the annual sales in Japan this year may be between 8% and 10%.
By the end of March,
operating activities
Stable, revenue grew by 0.3%.
Hermes has said that projects to invest in Japan will not change.
In addition, its sales in the Asia Pacific region (excluding Japan) increased by 27.3%, especially in the Chinese market.
European region (excluding France) sales increased by 20.9%; French local revenue grew by 19.4%. In addition, Hermes has opened another store in Paris S VRE street this year.
Despite this, the Hermes Group believes that the current economic situation is so changeable that it is difficult to predict the specific data in advance.
But the group will remain cautious and follow its objectives.
Forecast this year
Investment amount
For 230 million euros, 24 shops will be opened or repaired.
In addition, as the euro strengthened against the US dollar, it gave the group revenue of 24 million euros.
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