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After an excellent year in 2022, 2023 is off to a good start for Herm\u00e8s. The luxury group has just released its sales figures for the first quarter of 2023, which “continues the good results of 2022<\/em>” according to Axel Dumas, its manager.<\/p>\n <\/p>\n The sales of 3.4 billion euros, up 22%, are thus higher than the expectations of Factset and Bloomberg, which were expecting 3.16 and 3.2 billion euros respectively.<\/p>\n <\/p>\n <\/p>\n Excluding Japan, Asia is up 21.8%<\/strong>, driven by a “very good Chinese New Year<\/em>” and continues its strong momentum in Greater China and throughout the region, particularly in Thailand, Singapore and Australia.<\/p>\n <\/p>\n “In Greater China, we have strong growth rates and very robust traffic<\/em>,” said Eric du Halgou\u00ebt, Chief Financial Officer, during a conference call. He also highlighted the “very good performance in Hong Kong and Macao<\/em>“.<\/p>\n <\/p>\n <\/p>\n Across the Atlantic, sales are up 24%<\/strong>. In the United States, prices rose by only 3%, compared to an average of 7% in the rest of the world. Herm\u00e8s is pleased with sales on the continent, noting that customers remain very loyal. However, it remains vigilant.<\/p>\n <\/p>\n In Europe, sales were also up 24%. Growth in leather goods and saddlery was 17.8%, to 1.4 billion euros.<\/p>\n <\/p>\n In clothing and accessories, sales rose by 34%, silk and textiles by 19%, perfumes and beauty by 6%, and finally watches by 24%.<\/p>\n <\/p>\n In response to strong demand, the orange-packaged company opened a new workshop in Normandy<\/strong>, in the Eure department, at the beginning of the month. This is the brand’s 21st workshop in France.<\/p>\n <\/p>\n Four other manufacturing projects are underway in the Ardennes, Puy-de-D\u00f4me, Charente and Gironde.<\/p>\n <\/p>\n Herm\u00e8s passed the $200 billion mark in market capitalization last week on the Paris market. A sum that proves (once again) that the luxury market is doing very well.<\/p>\n <\/p>\n Lire aussi >Stock market: Herm\u00e8s\u2019 valuation exceeds 200 billion euros<\/a><\/p>\n <\/p>\n Photo \u00e0 la Une : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n After an excellent year in 2022, 2023 is off to a good start for Herm\u00e8s. The luxury group has just released its sales figures for the first quarter of 2023, which “continues the good results of 2022<\/em>” according to Axel Dumas, its manager.<\/p>\n <\/p>\n The sales of 3.4 billion euros, up 22%, are thus higher than the expectations of Factset and Bloomberg, which were expecting 3.16 and 3.2 billion euros respectively.<\/p>\n <\/p>\n <\/p>\n Excluding Japan, Asia is up 21.8%<\/strong>, driven by a “very good Chinese New Year<\/em>” and continues its strong momentum in Greater China and throughout the region, particularly in Thailand, Singapore and Australia.<\/p>\n <\/p>\n “In Greater China, we have strong growth rates and very robust traffic<\/em>,” said Eric du Halgou\u00ebt, Chief Financial Officer, during a conference call. He also highlighted the “very good performance in Hong Kong and Macao<\/em>“.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”Cet article est r\u00e9serv\u00e9 aux abonn\u00e9s.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Abonnez-vous d\u00e8s maintenant !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”JE M’ABONNE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fnouveaux-abonnements-et-newsletter%2F”]Acc\u00e9dez en illimit\u00e9 \u00e0 tous les articles et vivez une exp\u00e9rience de lecture in\u00e9dite, contenus en avant premi\u00e8re, newsletter exclusives…<\/p>\nAsia is doing well<\/h2>\n
New workshop in Normandy<\/h2>\n
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The French luxury group said this morning that it achieved 3.4 billion euros in sales in the first quarter, a 22% jump year-on-year. Results that follow a record year in 2022.<\/h4>\n
Asia is doing well<\/h2>\n
New workshop in Normandy<\/h2>\n