China slows Hermes growth

24 April 2013

Hermes, known for its €13,000 Birkin leather bags, generated first-quarter revenue of €856.8 million, up 12.8% at constant currencies, ahead of analysts' expectations of 11%.

Much of the boost came from accessories such as belts and gloves, as well as shoes and ready-to-wear clothing, which together saw an 18% revenue rise in the first quarter.

But Hermes's overall performance slowed from the same period last year when revenue rose 17.6% as growth in sales of leather bags roughly halved from the fourth quarter to 7%.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.