Report
Jean Danjou

Hermès International : Pas de ralentissement de la croissance au T2 2021 et la marge S1 bat des records

>Le rythme de croissance à 2 ans s’est maintenu au T2 à 33% et l’EBIT S1 bat nos attentes de plus de 20% - Les chiffres S1 de Hermès ressortent spectaculaires : la croissance à 2 ans sur le T2 à cc s’est maintenue au niveau du T1 à c. +33% (pas de ralentissement de la maroquinerie en dépit du ton prudent de la société, la division sort une croissance à deux ans de 24% sur le T2 contre +26% sur le T1) et le levier opérationnel lié à la forte progression du CA permet au...
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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