Brief: Hermes Q3 Total Revenue €4.10 Billion, Slightly Below Consensus
BRIEF-Hermes Q3 Total Revenue €4.10 Billion, Slightly Below Consensus Oct 22 (Reuters) - Hermes International SCA HRMS.PA:
Q3 TOTAL REVENUE UP 4.3% AT CONSTANT FX TO €4.10 BILLION (VISIBLE ALPHA CONSENSUS: €4.12 BILLION)
Q3 LEATHER GOODS AND SADDLERY SALES UP 10.8% AT CONSTANT FX TO €1.91 BILLION (CONSENSUS: €1.89 BILLION)
Q3 READY-TO-WEAR AND ACCESSORIES SALES DOWN 2.0% AT CONSTANT FX TO €1.14 BILLION (CONSENSUS: €1.18 BILLION)
Q3 SALES GROWTH AT CONSTANT FX: TOTAL ASIA +1.9%, AMERICAS +8.8%, TOTAL EUROPE +7.2%, OTHER -4.5%
END-SEPT, CURRENCY FLUCTUATIONS NEGATIVE IMPACT OF ABOUT €310 MILLION ON REVENUE
HERMES CFO: CHINESE MARKET 'VERY DIFFICULT' BUT WE REMAIN CONFIDENT ON LONG-TERM PROSPECTS AND CONTINUE TO INVEST
HERMES CFO: AMERICAN MARKET REMAINS DYNAMIC
Source text: ID:nGNE2h7ZM8
Further company coverage: HRMS.PA
(Gdansk Newsroom)
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