Hermès reports first quarter 13.5% sales increase

Hermès reported an 11.2 percent rise in revenue at constant exchange rates to 1.352 billion euros ($1.47 billion) compared with 6.6 percent growth in the last quarter of 2016.

The first quarter increase was led by a 15 percent jump in sales at its leather goods division, which makes up 50 percent of group sales, and by a 16 percent rise in Asian sales.

Similar to its peers, Hermès said the improvement was driven by most regions and by a pickup in demand from Asian customers, notably Chinese both locally and abroad.

Hermès said it was keeping an “ambitious” medium-term goal for revenue growth at constant exchange rates despite growing economic and geopolitical and monetary uncertainties.

Hermes store Berlin

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