Hermès International Announces Sales Results for the Second Quarter and First Six Months Ended June 30, 2018; Provides Earnings Guidance for the Six Months Ended June 30, 2018
July 20, 2018 at 02:00 am
Share
Hermès International announced sales results for the second quarter and first six months ended June 30, 2018. The group's consolidated revenue amounted to 2,853 million in the first half of 2018, up 11% at constant exchange rates and up 5% at current exchange rates. Sales growth was solid and particularly sound in the group's stores (positive 11% at constant exchange rates).
For the quarter, the company announced total sales of 1,459.6 million compared to 1,361.3 million for the same period a year ago.
The company provided earnings guidance for the six months ended June 30, 2018. For the six months current operating profitability at the end of June (excluding non-recurring items) benefits from particularly healthy growth and the accretive impact of foreign exchange on the first part of the year. It should be close to the record level reached in the first half of 2017.
Hermès International specializes in the design, manufacturing, and marketing of luxury products. Net sales break down by family of products as follows:
- leather and saddlery goods (41.3%): purses, luggage, small leather goods, planners, writing items, saddles, bridles, riding objects and clothing, etc.;
- clothes, shoes, and accessories (28.9%);
- silk and textile products (6.9%);
- clock and watchmaking articles (4.6%);
- perfumes and beauty products (3.7%);
- other (14.6%): mainly jewelry and home decoration products.
At the end of 2023, the group had a network of 294 stores worldwide.
Net sales are distributed geographically as follows: France (9.5%), Europe (13.6%), Japan (9.4%), Asia/Pacific (46.7%), Americas (18.6%) and other (2.2%).
Hermès International Announces Sales Results for the Second Quarter and First Six Months Ended June 30, 2018; Provides Earnings Guidance for the Six Months Ended June 30, 2018