The success of Hermès - Results for the first half of the year: -…

· Jul 27

The success of Hermès

- Results for the first half of the year:

- Hermès $RMS.PA 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.

Osobní pohled člena komunity, ne investiční doporučení. Pravidla komunity

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.

What price would you be thinking of?

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?

It is true, yes I own a large portion of my long term portfolio is made up of just companies scaled to luxury goods. :)