This increase is up 33% at constant exchange rates compared with 2019, both in the first and second quarters. Recurring operating income amounted to €1,722 million (41% of sales) at the end of June, while net income group share reached €1,174 million (28% of sales).

Sales in the Leather Goods and Saddlery division (+63% and +25% over two years) performed well, after being driven by the significant deliveries made at the end of 2020. Demand is sustained, the company reports, both for the re-invented classics and new models such as the Hermès Della Cavalleria bag.

Going forward in 2021, the Group admits that the impacts of the Covid-19 pandemic are still difficult to assess. In the medium-term, despite the economic, geopolitical and monetary uncertainties around the world, the Group confirms an ambitious goal for revenue growth at constant exchange rates.