Hermès: H1 net income up 7%

(CercleFinance.com) - Hermès has announced consolidated net income, group share of 754 million euros for the first six months of 2019, up 7% (+15% excluding a non-current capital gain related to the sale of the old store premises of the former Galleria store in Hong Kong in 2018).


Underlying operating income increased by 15% to 1,144 million euros, representing profitability (34.8%), which is close to the record level of H1 2018 (34.9%), for sales of 3,284 million euros, up 15% (+12% at constant exchange rates).

Over the medium term, despite increased economic, geopolitical and monetary uncertainties worldwide, the luxury group confirms its target for ambitious sales growth at constant rates.


Copyright (c) 2019 CercleFinance.com. All rights reserved.