World Footwear

Companies

Hermes abandons mid-term revenue target

Sep 15, 2016 France
 Hermes abandons mid-term revenue target
One of the world’s most luxurious fashion brands has announced it won’t continue to forecast annual revenue growth due to persistent political and monetary uncertainty
French-based luxury giant Hermes has stated it will no longer set mid-term annual sales growth targets. The group will immediately abandon its 8% annual growth forecast.

Axel Dumas, Chief Executive, claimed the need to be frank and transparent in a world full of uncertainty where the rigidity of written guidance could mean that companies are less flexible.

Hermes reported first half consolidated net income up by 13%, reaching 545 million euros and representing 22.3% of sales.



Related Events

  • Jul
    2
    Jul 2-Jul 4, 2024 | Paris, France

    Première Vision

  • Sep
    10
    Sep 10-Sep 12, 2024 | Paris, France

    Neonyt Paris

  • Sep
    27
    Sep 27-Sep 30, 2024 | Paris, France

    Première Classe - Jardin des Tuileries

  • Nov
    5
    Nov 5-Nov 7, 2024 | , France

    Expo Protection

Related Organizations

  • French Federation of Tanners

    French Federation of Tanners

    France
  • Paris Ile-de-France Chamber of Commerce and Industry

    Paris Ile-de-France Chamber of Commerce and Industry

    France
  • FNDMV - National Federation of Leather Goods and Travel Goods Retailers

    FNDMV - National Federation of Leather Goods and Travel Goods Retailers

    France
  • ITECH-Lyon - Engineering School

    ITECH-Lyon - Engineering School

    France