Hermes sales at constant exchange rates in the first quarter surpassed the assumed rate of +13.9% with +17%
Leather goods saw a rise of +20.3% in sales at constant exchange rates, beating the predicted +15.4%
Watch revenues increased at a rate of +4.3%, which was below the forecasted growth of +6.2%
The perfumes sector reported a revenue growth of +4.3%, as opposed to the estimated +9.6%
Silk and textiles generated revenue at a rate of +7.9%, slightly above an estimate of +7.2%
Fashion and ready-to-wear items experienced growth at +15.9%, exceeding the expected surge of +14%
In France, revenues grew by +14.3%, compared to a projected increase of +12.8%
Turnover in Europe went up by +14.5%, surpassing a forecast of +12.8%
In Japan, a surge of +25.2% in revenues was observed, beating the +20.5% estimation
Asia Pacific revenues grew at +13.9%, clear of the estimated +12.5%
In Asia, the revenues jumped by +15.7%, surpassing its prediction of +13.8%
There was a growth of +11.8% in the Americas, which was slightly less than the anticipated +12.8%
Total revenue was EU3.81 billion, presenting a +13% year on year, surpassing the anticipated amount of EU3.71 billion
Medium-term objective confirmed for revenue growth at constant exchange rates.
A look at Hermes International Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysis of the Smartkarma Smart Scores for Hermes International reveals a positive long-term outlook. With impressive scores of 5 in Growth, Resilience, and Momentum, the company seems well-positioned for future success. The high Growth score indicates strong potential for expansion and increasing market share. Additionally, the Resilience score suggests the company’s ability to weather economic uncertainties. Coupled with a Momentum score of 5, indicating strong market performance, Hermes International appears to be a promising investment option.
Hermes International, known for its luxury accessories and apparel, operates a chain of boutiques under its prestigious brand. With a solid overall outlook based on Smartkarma Smart Scores, the company is recognized for its quality products and enduring appeal to consumers. Investors may find Hermes International an attractive prospect considering its high scores in key areas such as Growth, Resilience, and Momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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