Home / Knowledge / News / Fashion / Luxury brand Hermes sales rise 14.4% in H1
Luxury brand Hermes sales rise 14.4% in H1
Jul '13
The group's consolidated revenue in the first half of 2013 totalled € 1,767.2 million, a rise of 14.4% at constant exchange rates. Taking into account the negative impact of currency fluctuations, chiefly due to a weakening of the yen, growth was 11.0%.

In the second quarter, sales in group-owned shops were robust (up 16.7% at constant exchange rate) and wholesale sales maintained sustained growth (up 12.9% at constant exchange rates).Sales by geographical region and by sector (at constant exchange rates unless specified otherwise) in the first half of 2013, growth was balanced in all regions of the world:

-Non-Japan Asia (+17%) maintained its momentum. Despite a less positive environment, the   Chinese market continued to display great vitality.

- Japan (up 8%) confirmed the turnaround observed in the first quarter, and came back on track  to sound growth.
 -France (+13%) and the rest of Europe (+14%) posted remarkable performances in a difficult economic environment.
-The Americas (up 17%) had an excellent half-year. Demand for Hermès items remains  strong, impelled by great creativity. The expansion of the growth relays bore fruit, while the  advancement of bag salesremains constrained by production capacity.

Leatherwork & Saddlery (up 10%) is continuing its investment in production capacities, with the expansion of the two factories opened in 2012 in Isère and Charente-Maritime, and with the plan to create two new facilities devoted to artisanal activities in the Franche-Comté region.

Ready-to-wear & Fashion Accessories flush with the success of the latest ready-to-wear collections and fashion accessories, registered strong growth (up 21%). The Silk and Textiles sector, with 13% growth, is benefiting from the great variety of its collections. Perfumes (up 20%) remained on an uptrend. The new female perfume Jour d’Hermès was warmly received and Terre d’Hermès continued its growth.

The Watch sector (down 1%) was affected by the general downturn in the watch industry and the high basis for comparison of the previous year.

Other sectors (Jewellery and Art of Living) continued to show their great potentialfor expansion (+40 %). Significant events As of end of June, currency fluctuations were unfavorable and had produced a negative impact of € 53million on revenue.

Hermès International did not buy back any of its own shares during the first half of 2013, other than shares traded under the liquidity contract.

First-half results

First-half results will be published on 30 August 2013. Recurring operating income is expected to increase slightly faster than revenue.

Outlook for 2013

It is difficult to make projections for the full year 2013, owing to uncertainties concerning the economic outlook and currency fluctuations. However, in light of the sales achieved in the first half of the year, consolidated sales at constant rates could slightly exceed the mid-term growth target of 10%. Depending on currency fluctuations, the current operating margin, expressed as a percentage of sales, could be close to the historical high achieved in 2012.

Hermès will continue to follow its strategy based on creativity, maintaining control over its know-how, expanding its distribution network, strengthening its production capacity and securing its sources of supply. With its new theme of the year "A sporting life!" Hermès is resolutely focusing on energy and optimism in 2013. Since its origins, the House has been tapping the sports universe to feed its passion for movement, casual elegance and excellence.


Must ReadView All

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Urmil Arya

Sushila International, a well established textile organisation established ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search