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

Pic: Shutterstock

Textiles | On 20th Feb 2020

An Industry Goes Viral

When the novel coronavirus, now called COVID-19, was first detected...

Pic: Shutterstock

Textiles | On 20th Feb 2020

Rising global import of sacks and bags

Overall trade of sacks and bags (for packaging of goods) has been...

Pic: freemind-production / Shutterstock.com

Retail | On 20th Feb 2020

Authentic Brands announces acquisition of Forever 21

Authentic Brands Group (ABG), a global brand development, marketing,...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


February 2020

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


Advanced Search