Hermès reports 10% turnover growth in the first quarter 2014
French luxury house of Hermès reports 10,1% (+14,7% at constant exchange rates) turnover increase in the first quarter of 2014, to a total of 943,5 million euros. Japan has been the best performing market for Hermes with a 22% sales increase followed by China and the U.S., each with 18% sales rise. In Europe, (+8%), activity remains sustained in a difficult economic environment.
The Leathergoods and Saddlery division (+16%) continued the development of its production capacities, with the ramp-up of the two new sites opened in 2012 in Isère and Charente.
Ready-to-wear and Accessories (+19%) benefited from the dynamism and inspiration of the latest collections. The Silk and Textiles sector (+14%) posted excellent results thanks to the new formats offered in its exceptional materials range.
Perfumes (+6%), which had benefited from the launch of the new women’s fragrance Jour d’Hermèsin the first quarter of 2013, are consolidating their progression.
Watchmaking’s latest innovations were excellently received at the Basel clock and watch trade show, and remains stable in a perennially difficult market. Other Hermès sectors (+17%), which comprise Hermès Jewellery, Art of Living and Tableware, continue their development.