Hermès Records Stellar Growth for its 2021 Q3 Results
The maker of the renowned Birkin bags, Hermès has exceeded expectations for its latest quarterly financial performance.
The post Hermès Records Stellar Growth for its 2021 Q3 Results appeared first on LUXUO.
The maker of the renowned Birkin bag, Hermès has exceeded expectations for its latest quarterly financial performance. The company posted revenues of ?2.37 billion in the three months leading to September 30, 2021. This represented a 31.5 per cent increase when compared to 2020. Using 2019 as a benchmark, the company boasted a 40.3 per cent increase. Hermès stellar growth in Q3 rendered it to be one of the top-performing luxury brands this year.
According to the press release from Hermès, its good results have ?benefitted from an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia.? Despite a resurgence of Covid-19 infections in parts of Asia, activity in the third quarter was sustained and that resulted in a 23.4 per cent increase (compared to 2020) across the region. The growth was mainly fueled by ?remarkable performance in Greater China and other countries in Asia? such as Australia, Thailand and Malaysia.
Image: Hermès
READ MORE: Rolls-Royce Collaborates with Hermès to Create Bespoke Phantom Oribe
In the Americas, sales were strong as well as seen in the 48.4 per cent increase in revenues. While in Europe, growth was up 36.4 per cent and in France, the figure rose to 46.7 per cent. The company said that ...
The post Hermès Records Stellar Growth for its 2021 Q3 Results appeared first on LUXUO.
The maker of the renowned Birkin bag, Hermès has exceeded expectations for its latest quarterly financial performance. The company posted revenues of ?2.37 billion in the three months leading to September 30, 2021. This represented a 31.5 per cent increase when compared to 2020. Using 2019 as a benchmark, the company boasted a 40.3 per cent increase. Hermès stellar growth in Q3 rendered it to be one of the top-performing luxury brands this year.
According to the press release from Hermès, its good results have ?benefitted from an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia.? Despite a resurgence of Covid-19 infections in parts of Asia, activity in the third quarter was sustained and that resulted in a 23.4 per cent increase (compared to 2020) across the region. The growth was mainly fueled by ?remarkable performance in Greater China and other countries in Asia? such as Australia, Thailand and Malaysia.
Image: Hermès
READ MORE: Rolls-Royce Collaborates with Hermès to Create Bespoke Phantom Oribe
In the Americas, sales were strong as well as seen in the 48.4 per cent increase in revenues. While in Europe, growth was up 36.4 per cent and in France, the figure rose to 46.7 per cent. The company said that ...
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