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HESAY - Hermes International: Q1 2024 And FY 2024 Should See Strong Sales As Well
Hermes International SCA ADR
2024-04-13 02:46:03 ET
Summary
Buy rating recommended for Hermes International based on strong 1Q24 and FY24 performance expectations and ability to raise prices.
RMS saw strong demand momentum in all regions, particularly in China, where it gained share.
RMS is a resilient business with the ability to raise prices and maintain volume demand, with positive growth and margin expansion expected in the near term.