A French company specializing in luxury goods has announced strong sales in the third quarter and expressed its expectations for mid-term growth. Sales increased by 10.1% in the third quarter to 3.7 billion euros compared to 3.3 billion euros a year earlier. In Europe, the company's sales grew by 16.5% to 949 million euros. Sales in Asia increased by 3.5% to 1.94 billion euros, and in the Asia-Pacific region, excluding Japan, they grew by 0.6% to 1.58 billion euros. Sales in Japan increased by 18.5%, while in the Americas, they rose by 11%. Over the first nine months of the year, the company's revenue increased to 11.2 billion euros, growing 11% at current exchange rates and 14% at fixed exchange rates. As for future expectations, the company, known for its production of large bags and clutches, stated: "In the medium-term perspective, despite the economic, geopolitical, and currency uncertainties worldwide, the company has confirmed its ambitious goal of increasing revenue at fixed exchange rates."
Hermès Reports Strong Q3 Sales Growth
French luxury goods company Hermès announced a 10.1% increase in Q3 sales reaching €3.7 billion, with significant growth in Europe and Japan. The company remains optimistic about medium-term revenue growth despite global economic uncertainties.