Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

Hermès International : Hermès International : 2nd quarter 2013 sales



     Hermès International : Hermès International : 2nd quarter 2013 sales

                                    HERMES

                          Sales at end of June 2013

                    Good sales momentum in the first half
           Up 14.4% at constant rates and up 11.0% at current rates

                                                           Paris, 18 July 2013

The group's consolidated revenue in the first half of 2013 totalled  € 1,767.2 
million, a rise of 14.4% at  constant exchange rates. Taking into account  the 
negative impact of currency  fluctuations, chiefly due to  a weakening of  the 
yen, growth was 11.0%.

In the second  quarter, sales in  group-owned shops were  robust (up 16.7%  at 
constant exchange rate)  and wholesale sales  maintained sustained growth  (up 
12.9% at constant exchange rates).

Sales by geographical region and by sector
(at constant exchange rates unless specified otherwise)

In the first half of 2013, growth was balanced in all regions of the world:

  * Non-Japan Asia (+17%)  maintained its  momentum. Despite  a less  positive 
    environment, the Chinese market continued to display great vitality.   

  * Japan (up 8%) confirmed the turnaround observed in the first quarter,  and 
    came back on track to sound growth.  

  * France (+13%) and the rest of Europe (+14%) posted remarkable performances
    in a difficult economic environment. 

  * The Americas (up 17%) had an excellent half-year.  

Demand for  Hermès items  remains strong,  impelled by  great creativity.  The 
expansion of the growth relays bore fruit, while the advancement of bag  sales 
remains constrained by production capacity.

Leatherwork & Saddlery  (up 10%)  is continuing its  investment in  production 
capacities, with the expansion  of the two factories  opened in 2012 in  Isère 
and Charente-Maritime, and with the plan to create two new facilities  devoted 
to artisanal activities in the Franche-Comté region.

Ready-to-wear &  Fashion Accessories,  flush with  the success  of the  latest 
ready-to-wear collections and  fashion accessories,  registered strong  growth 
(up 21%).

The Silk and Textiles  sector, with 13% growth,  is benefiting from the  great 
variety of its collections.

Perfumes (up  20%)  remained on  an  uptrend.   The new  female  perfume  Jour 
d'Hermès was warmly received and Terre d'Hermès continued its growth.

The Watch sector (down 1%) was affected by the general downturn in the watch
industry and the high basis for comparison of the previous year.

Other sectors (Jewellery  and Art  of Living)  continued to  show their  great 
potential for expansion (+40 %).

Significant events

As of end of June, currency fluctuations were unfavourable and had produced  a 
negative impact of € 53 million on revenue.

Hermès International did not buy back any  of its own shares during the  first 
half of 2013, other than shares traded under the liquidity contract.

First-half results

First-half results will be  published on 30  August 2013. Recurring  operating 
income is expected to increase slightly faster than revenue.

Outlook for 2013

It is  difficult  to  make  projections  for the  full  year  2013,  owing  to 
uncertainties concerning the economic outlook and currency fluctuations.

However, in  light of  the  sales achieved  in the  first  half of  the  year, 
consolidated sales at constant rates could slightly exceed the mid-term growth
target of  10%.  Depending on  currency  fluctuations, the  current  operating 
margin, expressed as a percentage of  sales, could be close to the  historical 
high achieved in 2012.

Hermès will continue to follow  its strategy based on creativity,  maintaining 
control over its know-how,  expanding its distribution network,  strengthening 
its production capacity and securing its sources of supply.

With its  new  theme of  the  year "A  sporting  life!" Hermès  is  resolutely 
focusing on energy and optimism in 2013. Since its origins, the House has been
tapping the sports universe to feed its passion for movement, casual  elegance 
and excellence. For Hermès, sport  rises above obsession with performance;  it 
is above  all  spirit, style  and  pleasure, and  its  light shines  upon  our 
collections as never before.

                    INFORMATION BY GEOGRAPHICAL ZONES (1)

                           As of June 30th             Evolutions
                                                       At constants exchange
In millions of Euros        2013    2012   Published           rates
France                       289,2   255,8     13,0%                     13,0%
Europe (excl. France)        346,9   306,4     13,2%                     14,3%
Total Europe                 636,1   562,2     13,1%                     13,7%
Japan                        221,4   246,9   (10,3)%                      8,0%
Asia Pacific (excl.          591,2   506,8
Japan)                                         16,6%                     16,9%
Total Asia                   812,6   753,7      7,8%                     14,0%
Americas                     286,1   248,8     15,0%                     16,5%
Other                         32,4    26,6     22,1%                     22,3%
TOTAL                      1 767,2 1 591,4     11,0%                     14,4%

                            2nd quarter              Evolutions
In millions of Euros        2013  2012  Published At constants exchange rates
France                      151,3 132,2     14,4%                       14,4%
Europe (excl. France)       178,7 155,8     14,7%                       16,1%
Total Europe                330,0 288,0     14,6%                       15,3%
Japan                       111,1 127,0   (12,5)%                        8,9%
Asia Pacific (excl. Japan)  299,2 258,8     15,6%                       16,3%
Total Asia                  410,3 385,7      6,4%                       13,9%
Americas                    153,1 128,2     19,4%                       21,6%
Other                        17,1  12,5     36,5%                       36,8%
TOTAL                       910,4 814,5     11,8%                       16,0%

(1) Sales by destination.

                                        

                            INFORMATION BY SECTORS

                                      As of June 30th        Evolutions
                                                                 At constants
In millions of Euros                   2013    2012   Published exchange rates
Leathergoods and Saddlery (1)           779,9   739,5      5,5%           9,9%
Ready-to-wear and fashion               395,6   334,7     18,2%          20,8%
accessories (2)
Silk and Textiles                       201,7   182,9     10,3%          12,9%
Other Hermès sectors (3)                 94,7    69,5     36,3%          39,6%
Perfumes                                106,7    89,4     19,3%          19,9%
Watches                                  74,9    77,8    (3,7)%         (1,0)%
Tableware                                28,9    28,0      3,1%           5,2%
Other products (4)                       84,7    69,5     21,9%          24,2%
TOTAL                                 1 767,2 1 591,4     11,0%          14,4%

                                   2nd quarter           Evolutions
                                                         At constants exchange
In millions of Euros               2013  2012  Published         rates
Leathergoods and Saddlery (1)      407,4 381,0      6,9%                 12,3%
Ready-to-wear and fashion          207,8 173,3     19,9%                 23,3%
accessories (2)
Silk and Textiles                   96,6  90,3      7,1%                 10,4%
Other Hermès sectors (3)            48,1  37,7     27,5%                 31,6%
Perfumes                            48,9  40,3     21,5%                 22,3%
Watches                             40,4  40,7    (0,7)%                  3,0%
Tableware                           15,4  14,1      9,7%                 12,3%
Other products (4)                  45,7  37,1     23,0%                 25,8%
TOTAL                              910,4 814,5     11,8%                 16,0%

(1) Leathergoods  & Saddlery  include bags  & luggages,  horse riding,  memory 
holders and small leather goods.
(2) Ready-to-wear  and  fashion  accessories include  ready-to-wear,  men  and 
women, belts, accessories jewellery, gloves, hats and Hermès shoes.
(3) Other Hermès sectors include jewellery  and products of the art of  living 
department.
(4) Other products include  John Lobb shoes as  well as production  activities 
realized for third parties (textile printing, perfumes, tanning,.).

                      REMINDER OF PREVIOUS PUBLICATIONS

                    INFORMATION BY GEOGRAPHICAL ZONES (1)

                            1st quarter              Evolutions
In millions of Euros        2013  2012  Published At constants exchange rates
France                      137,9 123,6     11,6%                       11,6%
Europe (excl. France)       168,2 150,6     11,7%                       12,4%
Total Europe                306,1 274,2     11,6%                       12,0%
Japan                       110,3 119,9    (8,0)%                        7,0%
Asia Pacific (excl. Japan)  292,0 248,1     17,7%                       17,4%
Total Asia                  402,3 368,0      9,3%                       14,0%
Americas                    133,0 120,6     10,3%                       11,1%
Other                        15,4  14,1      9,3%                        9,4%
TOTAL                       856,8 776,9     10,3%                       12,8%

(1) Sales by destination.

                            INFORMATION BY SECTORS

                                   1st quarter           Evolutions
                                                         At constants exchange
In millions of Euros               2013  2012  Published         rates
Leathergoods and Saddlery (1)      372,5 358,4      3,9%                  7,3%
Ready-to-wear and fashion          187,8 161,5     16,3%                 18,2%
accessories (2)
Silk and Textiles                  105,0  92,7     13,4%                 15,3%
Other Hermès sectors (3)            46,6  31,7     46,8%                 48,9%
Perfumes                            57,8  49,1     17,6%                 17,9%
Watches                             34,5  37,1    (7,1)%                (5,3)%
Tableware                           13,5  14,0    (3,4)%                (1,9)%
Other products (4)                  39,1  32,4     20,7%                 22,5%
TOTAL                              856,8 776,9     10,3%                 12,8%

(1) Leathergoods  & Saddlery  include bags  & luggages,  horse riding,  memory 
holders and small leather goods.
(2) Ready-to-wear  and  fashion  accessories include  ready-to-wear,  men  and 
women, belts, accessories jewellery, gloves, hats and Hermès shoes.
(3) Other Hermès sectors include jewellery  and products of the art of  living 
department.
(4) Other products include  John Lobb shoes as  well as production  activities 
realized for third parties (textile printing, perfumes, tanning,.).

2nd quarter 2013 sales

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Hermès International via Thomson Reuters ONE
HUG#1717083
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement