Hermes International : As remarkable as ever
>Q4 growth at 23% and margin gain of 90bp in H2: 2022 ended on a high note - Hermès reported 2022 sales of € 11.602bn, up +23% y-o- cc and EBIT of € 4.697bn, or a margin of 40.5%. Our forecasts were respectively € 11.406bn and € 4.464bn (margin 39.1%) and the Visible Alpha consensus was at € 11.427bn and € 4.555bn (margin just below 40%). Full-year sales exceeded consensus expectations by 2% and the gap was 3% at the EBIT level, which highlights an excellent performan...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.