Home / Knowledge / News / Apparel/Garments / Hermēs clocks almost 22% jump in H1 FY'12 sales
Hermēs clocks almost 22% jump in H1 FY'12 sales
20
Jul '12
The Hermes group's consolidated revenue in the first half of 2012 totalled €1,591.4 million, a rise of 21.9% at current exchange rates and of 15.4% at constant exchange rates.

During the second quarter, sales growth was 21.9% at current exchange rates. Despite the very high basis of comparison, sales continued to expand briskly both in the Group's own stores and in the wholesale channels.

Sales by sector and region

In the first half of 2012, all regions registered growth:

  • Non-Japan Asia (+25% driven by China, Singapore and Hong Kong) and Japan (+3%), France (+10%) and the rest of Europe (+21%),
  • Americas (+9%), despite an exceptionally high basis of comparison in 2011 (+34%).

All business sectors registered increases, underpinned by the excellence of the group’s know-how and a steady stream of new creations.

In Leatherwork & Saddlery, which continues to invest in expanding production capacity, sales continued to rise (up 10%).

Ready-to-wear & Fashion Accessories (up 21%) registered strong growth owing to the success of the spring-summer ready-to-wear collections and to fashion accessories.

Silk & Textiles delivered growth of 15%, driven by the sector's lavish collections.

Perfumes (up 13%) remained on an uptrend due to the success of Terre d’Hermès  and to the introduction of Voyage d’Hermès perfume  during the first quarter.

The Watch sector reaped the fruit of its ongoing investments in know-how, and jumped by 23%.

Other Hermès Sectors (Jewellery and Art of Living) turned in a remarkable performance in the first half (up 50%).

Significant events

As of end of June, currency fluctuations were favourable and had produced a positive impact of € 85 million on revenue.

During the first half, Hermès International continued to buy back shares for its employee share ownership schemes. The company bought back 89 582 shares for €21 million. At 30 June, it held 1 457 682 shares worth a total of €310 million, excluding shares covered by a liquidity contract. Most of these shares were purchased in connection with bonus share plans awarded to employees.

First-half results

First-half results will be published on 31 August 2012. Recurring operating income is expected to increase in line with revenue growth.

Outlook for 2012

It is difficult to make projections for the full year 2012 owing to uncertainties over the economic outlook and currency fluctuations.

However, given the sales performance in the first half, the group stands by its target for consolidated revenue growth of 10% over the full year at constant exchange rates. The underlying operating margin is expected to be between 2010 and the all-time high achieved in 2011.

During the second half, Hermès will continue to follow its strategy of expanding the distribution network, reinforcing production capacity and securing control over sourcing.

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search