French luxury goods company Hermes` Q1 FY21 sales rise to €2,083 mn

Fashion

French luxury goods company Hermes` Q1 FY21 sales rise to €2,083 mn

05 May `21

Hermes International SA, a French high fashion luxury goods manufacturer, reported 38.4 per cent revenue growth to €2,083.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €1,505.5 million in the same quarter previous fiscal. The group’s sales in France during Q1 dropped to €153.1 million (Q1 FY20: €168.9 million).

 

Hermes International SA, a French high fashion luxury goods manufacturer, reported 38.4 per cent revenue growth to €2,083.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €1,505.5 million in the same quarter previous fiscal. The group`s sales in France during Q1 dropped to €153.1 million (Q1 FY20: €168.9 million).#

“I would like to thank our employees who, for a year now, have been showing great courage and unfailing commitment. In a still unstable context, our strong sales growth confirms the robustness of our sustainable artisanal model and the desirability of our collections to our customers all over the world,” Axel Dumas, executive chairman of Hermes, said in a press release.

 

Hermes International SA, a French high fashion luxury goods manufacturer, reported 38.4 per cent revenue growth to €2,083.7 million in its first quarter (Q1) FY21 ended on March 31, 2021, compared to the revenue of €1,505.5 million in the same quarter previous fiscal. The group`s sales in France during Q1 dropped to €153.1 million (Q1 FY20: €168.9 million).#

Sales in Europe (excluding France) came down 2.9 per cent to €227.9 million (€234.7 million), whereas Asia-Pacific (excluding Japan) reported 88.1 per cent growth in sales to €1,130.1 million (€600.9 million) driven by highly dynamic activity in Greater China and sustained activity in Korea, Thailand, Singapore and Australia. Sales in Americas grew 12.6 per cent to €290.9 million (€258.5 million).

 

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