HESAF News and Press, Hermes Intl Sa From 08/01/23

2023-08-01 11:49:34 ET Summary Hermès announced H1-23 industry-leading results that exceeded expectations. Revenues totaled €6.7B, reflecting 22.3% growth and operating profit amounted to €2.9B, reflecting 44.0% margins, an improvement of 400 bps. The compan...

2023-07-26 11:55:36 ET U.S. consumers pulled back in the second quarter, hampering results for LVMH Moët Hennessy ( OTCPK:LVMHF ) and potentially sending a warning shot across the luxury sector. While LVMHF's business groups achieved double-digit organic revenue growth over the...

2023-07-25 15:35:09 ET Summary Kering SA has seen a 6.9% price decline since April, due to weak financial performance, particularly for Gucci, which accounts for half of the company's revenues. While its margins are attractive and attempts at reviving Gucci's growth are underway, ...

2023-07-17 11:00:53 ET Summary LVMH is well-positioned to benefit from the growth of the luxury goods industry, particularly in China, due to its strong market position and renowned brands. The company consistently surpasses analyst estimates and maintains an impressive margin pro...

2023-07-04 12:07:56 ET Summary French luxury fashion stock Hermès has seen a significant rise of 32% since January this year, despite high valuations and an economic slowdown in the US and Europe. The company's strong fundamentals, including a 22.3% YoY growth in Q1 2023, and...

2023-07-01 22:20:56 ET Summary Hermès has been a top-performing investment over the past five years, returning 273% through price appreciation and dividends, as the company showcased industry-leading operating margins, growth, and cash generation. Currently, Hermès trade...

2023-06-22 01:12:31 ET Summary Swiss luxury products stock Richemont's price has increased by 36% since November last year, with improved operating margins and strong sales growth in Asia Pacific as Chinese demand recovers. The company's forward price-to-earnings (P/E) ratio looks...

2023-06-16 14:17:23 ET Summary LVMH's price increased by 70% between September last year and April this year, but its trailing twelve months GAAP price-to-earnings ratio is now over 30x, higher than its historical average. The company's forward P/E is 23.6x, which is more reasonab...

2023-05-06 08:01:00 ET Summary Inside China's reopening trend. Why some companies continue to benefit from China's reopening, while others fade? Is China's economic rebound sustainable? China's reopening has given several sectors, such as the retail luxury se...

2023-04-24 17:35:25 ET Summary Hermès International Société en commandite par actions is one of the biggest luxury companies in the world. The company's stock has performed spectacularly, exploding more than 33,000% since going public in 1993. We explain the com...