Hermes International : Appetite for the brand is intact: more deliveries = more sales!
>Q1 2021 ultimately marks a strong ramp-up at +27% cc and y-o-y - The company published Q1 sales at € 2,765m, namely y-o-y organic growth of +27.1%. This figure can be compared to our forecast of € 2,450m (+14.3% y-o-y organic) and a Visible Alpha pre-publication consensus of € 2,463m. Sales are therefore over +12% above estimates and Q1 showed a sharp ramp-up, with the group’s Q4 2021 growth coming to just +11%, penalised by constraints affecting production capacity ...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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