Report
Jean Danjou

Hermès International : La croissance accélère encore au T1 malgré le contexte européen, la franchise brille d’un éclat vif

>CA T1 près de 11% au-dessus des attentes : accélération en Asie et aux USA, bonne résistance en Europe, rattrapage dans les sacs - Le groupe reste parmi les grands gagnants du secteur dans la phase de reprise qui a suivi le choc COVID au S2 2020 : alors qu’il était l’un de ceux qui avait connu la baisse la plus faible au T1 2020 (-8% à tcc), il sera vraisemblablement parmi ceux qui croîtront le plus vite au T1 2021, enregistrant une croissance y/y de près de 44% à t...
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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