Hermès reports 10% revenue increase for the full year 2014
Hermès maintains course in 2014 with a healthy 10% increase in its turnover, at constant exchange rates – according to Guillaume de Seynes , managing director manufacturing division & equity investments of the Group of luxury. Interviewed by the German newspaper Handelsblatt , De Seynes said that the House wants to expand in Germany , expanding the spaces in cities where it is already present .
About the consequences of the crisis in Ukraine and economic impasse in Russia , the manager of the executive committee of Hermès reassured : the brand is less involved than other competitors because it has assets in only two boutiques , both in Moscow .
In the fiscal nine months published in November, Hermès has totaled 2.9 billion Euros of revenue , an increase of 8.8 % from a year earlier and 11.7% at constant exchange rates .