Hermes International : Growth is set to have accelerated in Q1 while demand remained very robust
>Very robust demand, more substantial deliveries: growth should have reaccelerated in Q1 - After a Q4 in which the group’s growth had slowed sharply due to production constraints in leather (y-o-y sales growth in Q4 on cc at +11% with leather at -5%), we understand that the group was able to properly meet demand which remained especially robust in Q1 and in most geographic zones. It is true that China was affected by Covid disruptions in the second half of March, but ...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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