Home / Knowledge / News / Apparel/Garments / Q1 sales continue to expand briskly at Hermes

Q1 sales continue to expand briskly at Hermes

04
May '12
Hermes International announced its financial results for the first quarter of 2012. First-quarter 2012 consolidated revenue totalled €776.9 million, a rise of 21.9% at current exchange rates. At constant exchange rates, revenue increased by 17.6% – a remarkable performance on the back of very high growth in the same year-ago period.

Sales continued to expand briskly both in by the Group's own stores (+17% at constant exchange rates) and in the wholesales channels (+19.7% at constant exchange rates), which benefited from robust demand.

First-quarter sales by region and sector
In the first quarter, all geographic regions contributed to sales growth, underpinned namely by stores opened or renovated during the second half of 2011:

- Non-Japan Asia (+22% fuelled by China, Macau and Hong Kong),
- France (+14%) and the the rest of Europe (+27%),
- America (up 11% despite a very high basis of comparison), and Japan, where disaster struck on 11 March 2011, +8%.

All business sectors are generating growth, underpinned by innovation and the richness of their creation.

In Silk & Textiles and Leatherwork & Saddlery sectors, where strong investments are being made in production capacities, sales registered similar increases of 14%.

Ready-to-wear & Fashion Accessories divisions delivered impressive growth of 20%, driven by the success of fashion accessories and of the latest ready-to-wear collections.

Other Hermès Sectors (Jewellery and Art of Living) registered an excellent first quarter, with sales up 46%.

In Watches and Tableware, sales increase by 27%. Perfumes, where product lines were enhanced by the introduction of Voyage d'Hermès parfum advanced by 19%.

Significant events during the first quarter
Exchange rates evolution in the first three months was favourable and produced a positive impact of €28m on sales.

During the first quarter, Hermès International continued to buy back shares for its employee share ownership plans. The company bought back 89,482 of its own shares for €21m. At 31 March, it held 1,476,895 shares worth a total of €311m, not including shares covered by a liquidity contract. These shares have been purchased in connection with bonus share plans allocated to employees.

Outlook for 2012
Hermès will pursue its long-term strategy, which is based on maintaining control over its know how and its distribution network. It will continue to invest in developing its production capacity and its distribution network, with the opening or renovation of some fifteen branches.

In 2012 – as in every year since the firm was founded in 1837 – Hermès will take its time, at its own pace, and it will celebrate "The gift of time" as its theme of the year. Time, that singular phenomenon, rules the excellence epitomised in the consummate skills of our saddlers, the meticulous precision of our watchmakers, the virtuosity of our engravers and the dedication to quality of all our craftspeople and designers. Without it, nothing lasting or beautiful could be brought into being.

Hermes International SCA is a France-based company specialized in the design, manufacturing, and marketing of luxury products. The Company offers several types of products, including leather goods, silk goods and textiles, perfumes, clocks, shoes, clothing and accessories, as well as tableware and others.

Hermes International


Must ReadView All

Pic:  InkheartX / Shutterstock.com

Textiles | On 18th May 2021

US Senate committee passes Make PPE in America legislation

The Homeland Security & Governmental Affairs Committee of the US...

Pic: humphery / Shutterstock.com

Textiles | On 18th May 2021

China's textile sector shows strong performance in Q1 2021

China's textile industry showed strong performance in the first...

Pic: Shutterstock

Retail | On 18th May 2021

Retail stores in Ireland open after 4 months of lockdown

Over 280,000 employees in Ireland’s retail sector returned to work as ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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

Leave your Comments


May 2021

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


Advanced Search