Hermes International : Very strong growth on the agenda for the first half of 2023
>Q1 is likely to show robust double-digit growth amid still favourable global demand - The geographical trends outlined by the group for the start of the year confirm a robust trend overall with a clear pick-up in China and no real slowdown anywhere else, whether in Europe, North America, Japan or the rest of Asia. These elements suggest growth of +10-15% in nearly all regions and lead us to increase our estimate for y-o-y group sales growth at CER in Q1 from +6% to +...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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