Report
Jean Danjou

Hermès International : L’Asie repart fort mais la performance d’ensemble n’est pas très éloignée de celle de l’industrie

>Ventes T2 à -41.5% en organique et recul de 53% de l’EBIT au S1, aucun miracle n’était possible - Les chiffres semestriels d’Hermès ressortent en fin de compte assez conformes aux attentes et ce, en dépit d’un momentum d’amélioration visible dans l’industrie sur les toutes dernières semaines de juin (cf tableaux ci-après). Nos attentes plutôt conservatrices ne sont que modérément dépassées : ventes en recul sur le T2 de 41.5% en organique alors que nous attendions -4...
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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