Hermes continues sales growth

Published:  14 February, 2014

French luxury goods maker Hermes on February 13 posted a 4.6% rise in fourth-quarter sales, helped by solid demand for its leather handbags, silks and ready-to-wear, across regions although yen weakness weighed on growth.

The maker of €15,000 Birkin bags and €300 printed silk scarves said sales in the three months reached €1.092 billion ($1.48 billion), with a rise at constant exchange rates of 11 percent against analysts' expectations of 12%.

In the third quarter, sales at constant exchange rates were up 12.9%.

Source: Reuters