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
Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/18/2021

The global vaccination campaign in now underway. More than 30 million injections have already been administered, but this represents just 0.4% of the population... whereas vaccination coverage must reach 55% to be effective. Meanwhile, the market is pricing in a successful vaccination scenario. No marked excess in the short term, therefore. Building materials and capital goods look particularly attractive, in our view. In contrast, we are cautious on oil and leisure tourism, which alr...

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/01/2021

La campagne de vaccination mondiale a démarré. Plus de 30 millions d’injections ont déjà été effectuées mais cela ne représente que 0.4% de la population… alors que la couverture vaccinale doit atteindre 55% pour être efficace. Face à cela, le marché valorise un scénario de vaccination réussi. Pas d’excès marqué à court terme donc. Les matériaux de construction et les biens d’équipement nous semblent particulièrement intéressants. Prudence sur le pétrole et le tourisme qui intègrent d...

Jean Danjou

ODDO : A very respectable year-end, the start of 2021 is uncertain but a catch-up on 2019 levels is still possible

>Q4 was not that bad in the end but growth remained uneven - Ahead of the Q4/FY 2020 earnings season, we forecast slightly positive y-o-y and constant currency growth for our sector sales indicator (soft luxury + Richemont) for Q4 at +2%/+3%, in line with Q3, despite a quite sizeable level of store closures in the quarter in the main European countries (1 month in France, over 1 month in UK, a little under 1 month in Italy and Germany). Growth in Asia is likely to ha...

Jean Danjou

ODDO : Une fin d’année très correcte, le début 2021 est incertain mais le rattrapage des niveaux 2019 sur l’exercice reste possible

>Le T4 ne s’est pas si mal passé mais la croissance est restée inégale - A la veille des publications T4/FY2020, nous tablons finalement sur une croissance y/y à tcc de notre indicateur ventes secteur (soft luxury + Richemont) légèrement positive pour le T4 à +2%/+3% en ligne avec le T3, et ce en dépit de fermetures de boutiques notables sur le trimestre dans les principaux pays européens (1 mois France, 1 mois et plus Royaume-Uni, un peu moins d’1 mois Italie et All...

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 1,300 shares at 853.600EUR and the significance rating of the trade was 100/100. 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...

Jean Danjou

ODDO : A very respectable year-end, the start of 2021 is uncertain but a catch-up on 2019 levels is still possible

>Q4 was not that bad in the end but growth remained uneven - Ahead of the Q4/FY 2020 earnings season, we forecast slightly positive y-o-y and constant currency growth for our sector sales indicator (soft luxury + Richemont) for Q4 at +2%/+3%, in line with Q3, despite a quite sizeable level of store closures in the quarter in the main European countries (1 month in France, over 1 month in UK, a little under 1 month in Italy and Germany). Growth in Asia is likely to ha...

Jean Danjou

ODDO : Une fin d’année très correcte, le début 2021 est incertain mais le rattrapage des niveaux 2019 sur l’exercice reste possible

>Le T4 ne s’est pas si mal passé mais la croissance est restée inégale - A la veille des publications T4/FY2020, nous tablons finalement sur une croissance y/y à tcc de notre indicateur ventes secteur (soft luxury + Richemont) légèrement positive pour le T4 à +2%/+3% en ligne avec le T3, et ce en dépit de fermetures de boutiques notables sur le trimestre dans les principaux pays européens (1 mois France, 1 mois et plus Royaume-Uni, un peu moins d’1 mois Italie et All...

Jean Danjou

ODDO : Swiss watch exports November: the pace of y-o-y decline further attenuated

>November has witnessed a fairly small y-o-y decline - Watch exports declined by a modest -3% y-o-y in November, confirming the attenuation of the pace of y-o-y declines, they were down -12% in September and -7% in October, this is rather encouraging. The gradual recovery has therefore continued to help in November with a strong resurgence of shipments into China (+69.5% after a disappointing +15% reported for October) while the UK, Taiwan and Russia also reported a s...

Jean Danjou

ODDO : Swiss watch exports November: the pace of y-o-y decline further attenuated

>November has witnessed a fairly small y-o-y decline - Watch exports declined by a modest -3% y-o-y in November, confirming the attenuation of the pace of y-o-y declines, they were down -12% in September and -7% in October, this is rather encouraging. The gradual recovery has therefore continued to help in November with a strong resurgence of shipments into China (+69.5% after a disappointing +15% reported for October) while the UK, Taiwan and Russia also reported a s...

MarketLine Department

Burberry Group plc - Strategy, SWOT and Corporate Finance Report

Summary Burberry Group plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Burberry Group plc (Burberry or 'the company') designs, produces and sells luxury products. The company's product portfolio comprises apparel and accessories women, men and children. Burberry distributes its products under Burberry brand through a diversified network of retail, wholesale ...

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...

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/18/2021

The global vaccination campaign in now underway. More than 30 million injections have already been administered, but this represents just 0.4% of the population... whereas vaccination coverage must reach 55% to be effective. Meanwhile, the market is pricing in a successful vaccination scenario. No marked excess in the short term, therefore. Building materials and capital goods look particularly attractive, in our view. In contrast, we are cautious on oil and leisure tourism, which alr...

Bruno Cavalier ...
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/01/2021

La campagne de vaccination mondiale a démarré. Plus de 30 millions d’injections ont déjà été effectuées mais cela ne représente que 0.4% de la population… alors que la couverture vaccinale doit atteindre 55% pour être efficace. Face à cela, le marché valorise un scénario de vaccination réussi. Pas d’excès marqué à court terme donc. Les matériaux de construction et les biens d’équipement nous semblent particulièrement intéressants. Prudence sur le pétrole et le tourisme qui intègrent d...

Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/29/2020

The current share price is the result of multiples, lower than the industry average, applied to consensus forecasts that are too low. We believe that the consensus and the market overestimate the cost of risk. The two main catalysts could be the quarterly results (scheduled for release on 3 November) and the anticipation of the lifting of the ban on dividends, concomitant with SREP 2020 (December). Buy recommendation and target price of € 50.3 reiterated. - ...

Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/10/2020

Le cours actuel est la résultante d’un multiple inférieur à la moyenne du secteur appliqué à des prévisions de consensus trop basses. Nous estimons que le consensus et le marché surestiment le coût du risque. Les deux principaux catalyseurs pourraient être les résultats trimestriels (3 novembre) et l’anticipation de la levée de l’embargo sur les dividendes, concomitante au SREP 2020 (décembre). Opinion Achat et OC de 50.3 € réitérés. Cf. étude publiée hier soir. - ...

HERMES INTERNATIONAL reduced its risk exposure resulting in an upgrade to Slightly Positive

HERMES INTERNATIONAL (FR), a company active in the Clothing & Accessories industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date September 8, 2020, the closing price was EUR 732.20 and its potential was estimated at EUR 810.50.

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 we...

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