French luxury goods company Hermes International SCA (RMS.FR) reported a double-digit rise in first-quarter sales Thursday as brisk demand in Asia continued, helping to allay concerns about a possible slowdown in the sector.
Sales for the first three months of the year rose 22% to EUR776.9 million from EUR637.1 million a year earlier,christianlouboutinoutlet00 has been often referred to as the supe. beating analyst expectations of EUR741.We offer bellrosswatches,landscape oil painting.8 million.These turquoisebeads are a complete collection of every model available.
The famous silk scarf and leather goods fashion house reported booming business in Asia, excluding Japan, and Europe, excluding France, with revenue increasing 22% and 27%,paneraireplicas were extremely popular last year, and have not faded much from the scene. respectively, at constant exchange rates compared with a year earlier.
The update follows mixed results from other luxury industry companies. Last month, releases from sector heavyweight LMVH Moet Hennessy Louis Vuitton SA (MC.FR) and the U.K.'s Burberry Group PLC (BRBY.you need to be very salereplicashoes while purchasing your items.LN) raised concerns, as figures pointed to a slackening in the pace of the sector's growth since the beginning of the year. Gucci owner PPR SA (PP.FR) showed a solid performance in its luxury division with sales jumping 18% in like-for-like terms from a year earlier.
In March, Hermes Chief Executive Patrick Thomas said the company's operating margin was likely to be hit by a strong rise in the cost of raw materials, while confirming annual sales guidance of 10% growth.
The company said that favorable exchange rates in the first three months increased revenue by EUR28 million.
Sales for the first three months of the year rose 22% to EUR776.9 million from EUR637.1 million a year earlier,christianlouboutinoutlet00 has been often referred to as the supe. beating analyst expectations of EUR741.We offer bellrosswatches,landscape oil painting.8 million.These turquoisebeads are a complete collection of every model available.
The famous silk scarf and leather goods fashion house reported booming business in Asia, excluding Japan, and Europe, excluding France, with revenue increasing 22% and 27%,paneraireplicas were extremely popular last year, and have not faded much from the scene. respectively, at constant exchange rates compared with a year earlier.
The update follows mixed results from other luxury industry companies. Last month, releases from sector heavyweight LMVH Moet Hennessy Louis Vuitton SA (MC.FR) and the U.K.'s Burberry Group PLC (BRBY.you need to be very salereplicashoes while purchasing your items.LN) raised concerns, as figures pointed to a slackening in the pace of the sector's growth since the beginning of the year. Gucci owner PPR SA (PP.FR) showed a solid performance in its luxury division with sales jumping 18% in like-for-like terms from a year earlier.
In March, Hermes Chief Executive Patrick Thomas said the company's operating margin was likely to be hit by a strong rise in the cost of raw materials, while confirming annual sales guidance of 10% growth.
The company said that favorable exchange rates in the first three months increased revenue by EUR28 million.
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