Report
Jean Danjou

Hermès International : Momentum intact mais nous restons prudents sur la suite

>Croissance T4 attendue solide, nous avons ajusté en légère hausse à +14% y/y tcc, prévision annuelle 2023 globalement inchangée - Nous comprenons que la marche du groupe a continué favorablement sur le T4 dans la foulée d’un T3 qui avait enregistré une croissance de 15.6% y/y tcc. Nous tablions sur une croissance de 13.3% sur le trimestre en organique (progression attendue moindre qu’au T3 pour refléter des bases de comparaison plus difficiles aux Etats-Unis et en A...
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

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch