Hermès International : MOP hors exceptionnels à 34.5%(+120pb) vs Oddo BHF à 34.4%
>MOP hors exceptionnels à 34.5%(+120pb) vs Oddo BHF à 34.4% - Hermès a publié un résultat opérationnel S1 2018 à 985 M€ hors exceptionnels (1 037 M€ en incluant 53 M€ de gains liés à une vente immobilière), 2% au-dessus de nos attentes et sensiblement en ligne avec le consensus.La marge opérationnelle atteint 34.5%, soit une variation de +120pb (vs Oddo BHF à 34.4% - hors exceptionnels). Le groupe avait annoncé, lors de la publication des ventes T2, que la MOP S1...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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