Hermes 2Q Revenue Rose on Strong Momentum
30 Juillet 2021 - 8:43AM
Dow Jones News
By Mauro Orru
Hermes International SCA said Friday that second-quarter revenue
surged on the back of strong sales momentum that continued from the
first quarter.
The French luxury-goods company, best known for its leather
bags, said quarterly revenue climbed to 2.15 billion euros ($2.56
billion) from EUR982.5 million for the second quarter of last
year.
For the first half, revenue increased to EUR4.24 billion from
EUR2.49 billion, while net profit rose to EUR1.17 billion from
EUR335 million.
Recurring operating income--which excludes some nonrecurring
items--rose to EUR1.72 billion in the first half from EUR535
million.
Hermes said the outlook for 2021 remains tough to assess given
continued uncertainty over the duration of the coronavirus
pandemic. For the medium term, Hermes confirmed its goal of revenue
growth at constant currency.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 30, 2021 02:29 ET (06:29 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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