HERMES sales in the first quarter rise 20,6%

French luxury goods group Hermes posted an 20.7 percent rise in first-quarter sales at constant exchange rates, driven by surging demand for its watches and leather goods in Europe and Asia. Overall, Hermes sales in the three months to March 31 rose 25.5 percent to 637.1 million euros or 20.7 percent at constant currencies. Based on forecasts from eight analysts, Hermes was expected to report sales of 583 million euros for the three months to March 31. ($1=.7158 Euro)