Pursuits
Hermes Says Sales Growth May Top 10 Percent Goal This Year
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Hermes International SCA, the French maker of Kelly bags, said sales growth this year may top 10 percent after reporting revenue that surpassed analysts’ estimates in the second quarter.
Sales climbed 12 percent to 910.4 million euros ($1.2 billion), the Paris-based company said today in a statement. Analysts predicted 897.4 million euros, according to the average of five estimates compiled by Bloomberg. Sales excluding currency swings rose 16 percent, topping estimates for 13.5 percent growth.