Hermès International (RMS) Q3 2024 results are in: Sales continued to grow apace at 11.3 percent in the third quarter, outpacing Kering, LVMH
International continues to buck the trend and outpace its peers, with sales up 11.3 percent at constant currency in the third quarter to 3.7 billion euros. “In a more uncertain economic and geopolitical context, I want to thank all employees for the robust third-quarter performance, and our customers for their loyalty. Thanks to the singularity of its model, Hermès is continuing its recruitments and long-term investments,” said Hermès chief executive officer Axel Dumas.
The results handily beat analysts’ expectations of 10.5 percent growth. “We see Hermès as the best current opportunity to protect the portfolio from a difficult – suffering from a global cyclical slowdown exacerbated by structural issues in Consolidated revenue in the first nine months of the year was up 14 percent year-over-year at constant exchange to 11.2 billion euros, despite the company taking a 242 million hit on currency fluctuations.
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