Hermes International S.C.A.

Hermes International is engaged in the manufacture, sale, and distribution of luxury goods primarily in France, rest of Europe, Japan, Asia-Pacific, and Americas. Co.'s activities can be divided into two segments: the distribution via Co.'s exclusive network and the distribution via specialist outlets. The distribution via Co.'s exclusive network comprises silks and textiles, leather goods and saddlery, ready-to-wear and fashion accessories (men and women's clothing, belts, jewellery accessories, gloves, hats and shoes), and other goods (jewellery and products of the art of living department). The distribution via specialist outlets comprise perfumes, tableware and watches.
  • TickerRMS
  • ISINFR0000052292
  • ExchangeEuronext Paris
  • SectorPersonal Goods
  • CountryFrance
Christian Guyot ...
  • Ludovic Martin

INVEST SECURITIES - La résilience du sellier aux crises devient relative, VENTE OC 550€

Matthieu DRIOL

Analyse court terme - HERMES INTERNATIONAL : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 482,20 €. La tendance baissière serait remise en cause au-dessus de 572,80 €.

Matthieu DRIOL

Short term view - HERMES INTERNATIONAL : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €482.20. The bearish trend would be challenged above €572.80.

Matthieu DRIOL

Analyse court terme - HERMES INTERNATIONAL : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 482,20 €. La tendance baissière serait remise en cause au-dessus de 572,80 €.

Matthieu DRIOL

Short term view - HERMES INTERNATIONAL : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €482.20. The bearish trend would be challenged above €572.80.

Matthieu DRIOL

Analyse moyen terme - HERMES INTERNATIONAL : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 457,56 €. La tendance serait remise en cause par la rupture de 411,35 €.

Hermes International: 1 director bought

A director at Hermes International bought 25,000 shares at 702.160EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Christian Guyot ...
  • Ludovic Martin

INVEST SECURITIES - La résilience du sellier aux crises devient relative, VENTE OC 550€

Cedric Rossi ...
  • Loic Morvan

SECTOR UPDATE | Luxury & Fashion | Hit but not sunk!

SECTOR | Luxury & Fashion | Hit but not sunk! Although more and more countries are easing lockdown measures - except the US whose situation is more complex - we remain cautious on most luxury groups.

Jean Danjou

Hermès International : Pas si différent de l’industrie sur le T2, nous abaissons modérément nos prévisions

>Notre prudence récente sur le titre apparaît justifiée - Quoique toujours résolument convaincus des mérites intrinsèques de la franchise, nous avions abaissé notre recommandation à Neutre sur le titre début juin car nous pensions que sa performance récente (en particulier performance ytd nettement positive) le plaçait un peu en porte à faux dans le contexte de chiffres 2020 qui vont forcément être très impactés par la crise pandémique. Notre sentiment à la lumière d’...

Jean Danjou

Hermes International : Not that different from the industry in Q2, we have trimmed our forecasts

>Our recent caution on the stock looks justified - While we are eminently convinced of the intrinsic merits of the franchise, we nonetheless downgraded our rating to Neutral at the start of June as we felt that its recent performance (in particular, its largely positive performance YTD) put the stock somewhat at odds with the prospect of 2020 figures that are clearly set to be severely affected by the health crisis. Our sentiment, in light of the recent contact with t...

Jean Danjou

ODDO : Swiss watch exports down 68% in May, no recovery visible in China so far

>May’s statistics still grim - Total Swiss watch exports declined -68% y-o-y in May to CHF 655.6m. This comes after the record -81% decline witnessed in April, obviously reflecting the impact of the lockdowns prevailing during these two months in most of the markets. Note however that the pace did not improve much y-o-y from April to May even though shops were reopened at a number of locations. The pace of decline was rather homogeneous across price categories with th...

Alfred Glaser ...
  • Delphine Brault
  • Jean Danjou
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/24/2020

Recent announcements of stimulus plans in France and in Europe have kindled hope. The present report analyses in detail the different segments of the French construction sector. The sector could contract by 14%e in 2020 whilst 2021 will likely be marked by a rebound (+9% estimated) but this will not be enough to return it to its pre-crisis activity levels. We favour exposure to thermal renovation and infrastructure. Thus, Saint-Gobain, Eiffage and Vinci should turn in decent performan...

Alfred Glaser ...
  • Delphine Brault
  • Jean Danjou
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/06/2020

Les annonces récentes de plans de relance en France et en Europe ont alimenté l’espoir. Cette note analyse dans le détail les différents segments dans la construction en France. Le secteur pourrait baisser de 14%e en 2020 alors que 2021 montrera un rebond (+9%e) toutefois insuffisant pour revenir sur les niveaux pré-crise. Nous privilégions les expositions à la rénovation thermique et aux infrastructures. Saint-Gobain, Eiffage et Vinci devraient ainsi tirer leur épingle du jeu, tandis...

Jean Danjou ...
  • Jean Sassus
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/09/2020

...

Jean Danjou ...
  • Jean Sassus
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/06/2020

...

Alain William ...
  • Baptiste Lebacq
  • Benoit Valleaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Danjou
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/24/2020

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Due to a more favourable environment, HERMES INTERNATIONAL slightly increases to Neutral

HERMES INTERNATIONAL (FR), a company active in the Clothing & Accessories industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date May 26, 2020, the closing price was EUR 710.00 and its target price was estimated at EUR 584.47.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Hermès International – AGM 24 April 2020

Notice of meeting of 6 April (-officiel.gouv.fr/balo/document/202004062000776-42): - the AGM will be held behind closed doors at the company's premises in Pantin - the dividend is reduced from €5 to €4.55 per share (resolution 4) - the compensation allocated in respect of 2019 that will be paid in 2020 to the Executive Chairmen will be identical to that paid in 2019 (resolutions 7, 8 and 9) ITEMS 7 to 12: In accordance with the new framework for the compensation of "Société en Commandite par Actions" (SCA: unlimited parternship) executives, created by the November 2019 Ordinance, sharehold...

Jehanne Leroy

Hermès International - Aseemblée Générale Mixte du 24 avril 2020

Avis de convocation du 6 avril (-officiel.gouv.fr/balo/document/202004062000776-42) : - l'AG se tiendra à huis clos dans les locau de la société à Pantin - le dividende est ramené de 5 € à 4,55 €/action (résolution 4) - la rémunération attribuée au titre de 2019 qui sera versée en 2020 des gérants sera identique à celle versée en 2019 (résolutions 7, 8 et 9) Conformément au nouveau dispositif encadrant la rémunération des dirigeants de SCA créé par l’ordonnance de novembre 2019, il est proposé aux actionnaires d’approuver les rémunérations versées au cours ou attribuées au titre de 2019 aux ...

Jehanne Leroy

Hermès - Assemblée générale des actionnaires du 04 juin 2019

GouvernanceLa société propose le renouvellement de 3 administrateurs et la nomination de 2 administrateurs indépendants. Parmi les renouvellements proposés figure celui de Julie Guerrand. Selon la politique de vote de Proxinvest, en cas de conseil ne comprenant pas une majorité de membres indépendants, Proxinvest soutient 1 représentant pour chacun des 3 principaux actionnaires. En l'occurrence, le représentant le plus légitime de H51, le premier actionnaire, est sa Présidente, Julie Guerrand. Nous soutenons donc son renouvellement, mais pas celui de M. Bauer. Concernant Mme Sénéquier, bien qu...

Hermès International – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 05/06/2018

ITEMS 9 to 12: The company proposes to re-elect to the Supervisory Board Robert Peugeot. In addition to being the Chairman and CEO of FFP, a French listed company, he sits on the board of 4 listed companies that do not belong to his group (Safran, Sofina, DKSH and Hermès). This raises the issue of the availability of this director. On that matter, we note that in 2017, he attended only 71.7% of Board meetings. The other re-elections proposed are members of the founding family. As long as the board does not comprise a majority of independent members, these re-elections will not be supported.  ...

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