Report
Jean Danjou

Hermès International : La croissance accélère au T3 et culmine à +40% à deux ans

>L’Europe se reprend tandis que les US et l’Asie accélèrent T3 vs T2, croissance à 2 ans en maroquinerie toujours hors norme à +32% - Le CA T3 du groupe à 2367 M€ (+31% y/y en org.) bat les attentes consensus (FactSet) de près de 6% et traduit une accélération visible du rythme de croissance à 2 ans qui passe de 33% sur le S1 à 40% au T3 (nous attendions +30% et le consensus c. +32%). La croissance a continué à accélérer aux US sur l’été (croissance 2 ans Amériques à...
Underlying
Hermes International SCA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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