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Hermès grows 22.6 percent in FY 2012

By FashionUnited

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For the financial year 2012, the Hermès group reported revenue

of 3,484.1 million euros (4661.73 million dollar), a rise of 22.6 percent at current exchange rates and of 16.4 percent at constant exchange rates. Sales exceeded the target for the year, driven by persistently robust momentum in the fourth quarter.

Sales were stimulated by non-Japan Asia (+25 percent). The network added two new branches in Taiwan and China and six other stores were renovated or expanded. Japan also contributed to this performance after a relatively stable year in 2011. Sales generated by the group's own stores advanced by 23 percent at current exchange rates and by 16 percent at constant exchange rates.

Growth was impressive in Europe at 15 percent with a positive contribution from nearly all countries, and in the Americas, which is benefiting from the gradual extension of its network.

Hermès is based in Paris. For 2013 Hermès plans to continue to expand its distribution network, strengthen its production capacity and secure its sources of supply.
Hermès