Hermes International : Another fine publication!
>Q2 2018 sales at +11.6%cc (vs. consensus 10.4%cc), 1% above the consensus - Q2 2018 sales (€1,433m) were 1% above consensus. Organic growth came to 11.6%cc (vs. consensus 10.4%cc).By category, no major surprises. By region, APAC is still driving growth and Europe, notably France, is better than expected.Q2 sales by region:France (€ 208m, +9.9%cc, 5% above our forecasts)Rest of Europe (€ 262m, +8.2%cc, 1% above our forecasts)Japan (€ 170m, +6....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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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