Hermès International: First Quarter 2024 Revenue Quarterly information report as at the end of March 2024 Solid sales growth in the first quarter (+17% at constant exchange rates and +13% at current exchange rates) Paris, 25 April 2024 The group’s consolidated revenue amounted to €3,805 million in the first quarter of 2024, up 17% at constant exchange rates and 13% at current exchange rates, with a solid activity in all geographical areas. Axel Dumas, Executive Chairman of Hermès, said: “The solid sales growth in the first quarter 2024 reflects the loyalty of our clients worldwide, t...
Hermès International : Chiffre d'affaires du 1er trimestre 2024 Rapport d’informations trimestrielles à fin mars 2024 Solide croissance des ventes au premier trimestre (+17 % à taux constants et +13 % à taux courants) Paris, le 25 avril 2024 Le chiffre d’affaires consolidé du groupe s’élève à 3 805 M€ au premier trimestre 2024 et progresse de 17 % à taux de change constants et de 13 % à taux de change courants, avec une activité solide dans toutes les zones géographiques. Axel Dumas, gérant d’Hermès, a déclaré :« La solide croissance des ventes au premier trimestre 2024 témo...
Mid-March, Kering warned the market that Q1 sales momentum would be very poor. As expected, Q1 sales were down -10% organically of which -18% for Gucci. FX had a -3% negative impact on sales growth, partly offset by +2% positive scope effect from Creed.However, given the sharp revenue decline in Q1
>Q1 sales down -10% organic with Gucci down -18%, this is no longer surprising - The group had pre-announced in March a fall of close to 10% in Q1 sales in organic terms (Q4 2023 sales were down -4%) with a fall of close to -20% for the Gucci brand (Q4 -4%). The figures announced yesterday evening do not contain any major surprises, Q1 sales came to € 4,504m, or a fall of -10% on an organic basis (we expected € 4,490m/-10% and the Visible Alpha consensus forecast € 4,...
COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: GLOBAL DOMINION, NATURGY, TALGO. EUROPA: AIR LIQUIDE, KERING. Incluido en el informe diario de hoy, y durante toda la campaña de resultados, incorporamos al final una presentación con los resultados destacados en positivo y negativo y previews de Rdos. 1T’24 que se publicarán en España y Europa en los próximos días. Las bolsas europeas celebraron la moderación de las tensiones en Oriente Medio y el arranque de la temporada de resultados del 1T’24....
>CA T1 à-10% en organique avec Gucci à -18%, ce n’est plus une surprise - Le groupe avait préannoncé en mars une baisse de près de 10% en organique de son CA pour le T1 (le T4 2023 était ressorti à -4%) avec une marque Gucci proche de -20% (T4 -4%). Les chiffres communiqués hier soir sortent sans surprise majeure, le CA T1 atteint 4504 M€ soit -10% en org (nous attendions 4490 M€/-10% et le consensus Visible Alpha était à 4514 M€/-9.6%). Le retail s’affiche en baisse ...
A director at Lvmh Moet Hennessy Louis Vuitton SE bought 31,140 shares at 799.330EUR and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...
Kering: Press release - First-quarter 2024 revenue PRESS RELEASE April 23, 2024 FIRST-QUARTER 2024 REVENUE Group first-quarter revenue: €4,504 million,down 11% as reported and down 10% on a comparable basis “Kering’s performance worsened considerably in the first quarter. While we had anticipated a challenging start to the year, sluggish market conditions, notably in China, and the strategic repositioning of certain of our Houses, starting with Gucci, exacerbated downward pressures on our top...
Kering : Communiqué de presse - Chiffre d'affaires du premier trimestre 2024 COMMUNIQUÉ DE PRESSE 23 avril 2024 CHIFFRE D’AFFAIRES DU PREMIER TRIMESTRE 2024 Chiffre d’affaires trimestriel du Groupe : 4 504 M€-11% en données publiées et -10% en comparable « La performance de Kering s'est fortement détériorée au premier trimestre. Alors que nous prévoyions un début d'année difficile, les conditions de marché, notamment en Chine, et le repositionnement stratégique de certaines de nos Maisons, à commencer par Gucci, ont accentué la pression su...
In the run-up to the 2024 Summer Olympic Games and Euro 2024 football tournament, we have identified six stocks to favour: JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield and easyJet. While these two major sporting events are not expected to have a significant impact on the host economies in the medium term, the microeconomic and sectoral impacts should be more marked. The tourism, transport, beverages and consumer goods sectors are expected to be the main winners. Som...
En amont des Jeux Olympiques d’été et de l’Euro de football 2024, nous identifions 6 valeurs à privilégier : JCDecaux, Accor, Sodexo, adidas, Unibail-Rodamco-Westfield et easyJet. Alors que ces deux évènements sportifs majeurs ne devraient pas avoir d’impact significatif sur les économies hôtes à moyen terme, les impacts microéconomiques et sectoriels devraient être plus marqués. Les secteurs du tourisme, des transports, des boissons et des biens de consommation devraient être l...
EPS growth prospects are brighter in the US than in Europe, which is justified given the differential in the growth and inflation outlook between the two regions. However, the adjustment that has taken place on EPS in Europe is a positive factor: we are now "at the price" ahead of the cyclical recovery that is taking shape for the rest of 2024. Sector-wise, the ongoing upward revision of EPS in travel & leisure, banks and media is expected to continue apace and provide support for sec...
Les perspectives de croissance des BPA sont supérieures aux Etats-Unis qu’en Europe, ce qui est justifié étant donné le différentiel de perspectives de croissance et d’inflation entre les deux zones. L’ajustement qui a eu lieu sur les BPA en Europe est toutefois un facteur positif : nous sommes désormais « au prix » avant la reprise cyclique qui se dessine pour la suite de 2024. Sectoriellement, la révision à la hausse en cours des BPA sur le Travel & Leisure, les banques et les Media...
>Topic of the week: what we know, what we need - At least we now know with good precision what we need in order for the sector’s perception to improve again. Reporting Q1 sales that featured 2% growth at cc for its soft luxury division, LVMH indicated that over the quarter spending from the Chinese cluster grew 10% while the local demand from Europeans, Americans and Japanese taken together was down in low single digit. To get to the reacceleration, we and the consens...
>Topic of the week: what we know, what we need - At least we now know with good precision what we need in order for the sector’s perception to improve again. Reporting Q1 sales that featured 2% growth at cc for its soft luxury division, LVMH indicated that over the quarter spending from the Chinese cluster grew 10% while the local demand from Europeans, Americans and Japanese taken together was down in low single digit. To get to the reacceleration, we and the consens...
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