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By
Reuters
Published
Nov 6, 2013
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Hermès third-quarter sales rise 13 percent

By
Reuters
Published
Nov 6, 2013

French leather goods maker Hermès lifted its full-year sales forecast on Wednesday as it posted a 13 percent rise in third-quarter revenue at constant exchange rates, helped by strong sales of fashion and silk products.

Hermès SS14 | Source: PixelFormula


Hermès, for which Japan and the United States are among its biggest markets, was however hit by the weakness of the yen and the U.S. dollar. Total revenue at current currencies in the third quarter rose 5.5 percent.

Hermès said full-year sales growth at constant currencies could exceed 11 percent, higher than its previous forecast of growth of slightly more than 10 percent.

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