Hermès delivers strong H1, shares climb

Shares of luxury giant Hermes International rose on Friday after it reported strong H1 results. Revenue jumped 15% to €7.5 billion, fueled by demand across all geographical regions.

The French fashion brand credited its strong performance to the enduring appeal of its luxury goods, particularly in leather goods and accessories. The company also flagged the expansion of its retail network and the introduction of new product lines as growth catalysts.

Hermes’ recurring operating income witnessed a 7% increase to €3.1 billion, translating to a remarkable 42% profit margin. Net profit soared to €2.4 billion, representing a 32% profit margin.