The success of Hermès
- Results for the first half of the year:
- Hermès $RMS.PA+4.3% reported strong results, which led to a rise in its shares.
- Revenues rose 15% to €7.5 billion.
- Growth drivers:
- High demand in all regions, especially for leather goods and accessories.
- An expanding retail network and the introduction of new product lines.
- Financial indicators:
- Recurring operating income up 7% to €3.1 billion.
- 42% profit margin, net income reached €2.4 billion with a 32% profit margin.
These results showed the difference between Hermes and LVMH and why they sell at such high valuations.
It's a great company and if the stock drops significantly, I'll definitely buy.
Clearly, luxury goods are still pulling. Even though I don't own this company, it's a very solid business. Do you have stock in it?