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BRIEF-Hermes Q3 Sales Up At EUR 1.80 Billion

Published 22/10/2020, 05:06 pm
© Reuters.
HRMS
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Oct 22 (Reuters) - HERMES HRMS.PA :

* Q3 SALES EUR 1.80 BILLION VERSUS EUR 1.73 BILLION YEAR AGO

* Q3 LIKE-FOR-LIKE SALES WERE UP 24.6% IN ASIA AT CONSTANT EXCHANGE RATES

* OUTLOOK: IN THE MEDIUM TERM CONFIRMS GOAL FOR REVENUE GROWTH AT CONSTANT EXCHANGE RATES

* Q3 LIKE-FOR-LIKE SALES: FRANCE -22.8%, EUROPE (EXCLUDING. FRANCE) -9.9%, AMERICAS -5.2% AT CONSTANT EXCHANGE RATES

* ASIA EXCLUDING JAPAN (+4%) PURSUED ITS VERY FAVOURABLE DYNAMIC, DRIVEN BY AN EXCELLENT Q3 UP 29%

* Q3 LIKE-FOR-LIKE SALES IN CORE LEATHER GOODS DIVISION UP 7.8%, SALES DOWN 20.5% IN SILK AT CONSTANT EXCHANGE RATES

* ASIA EXCLUDING JAPAN BENEFITTED FROM PERFORMANCE OF MAINLAND CHINA, KOREA, AUSTRALIA AND THAILAND

* AT END-SEPTEMBER, THE ACTIVITY IN HONG KONG AND SINGAPORE IMPROVED

* EUROPE EXCLUDING FRANCE (-27%) AND FRANCE (-33%) STILL SUFFERING FROM DROP IN TOURIST FLOWS, PARTLY OFFSET BY LOCAL CUSTOMERS

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