PARIS – A sharp sales uptick, especially gains in Greater China and a rebound in the Americas, drove first-half operating income up 221 percent to 1.72 billion euros for Hermès International. Compared with the same period in 2019, that represents a 50.5 percent increase.
First-half sales jumped 70.2 percent year-on-year to 4.24 billion euros in total, representing a 28.9 percent gain on the first six months of 2019. For the second quarter, revenues grew 119 percent to 2.15 billion euros. With revenues up 98 percent to 1.03 billion euros on a constant-currency basis in the first half , the ready-to-wear and accessories division performed particularly well, as did the “other” Hermès sectors division – comprising jewelry and homeware – with constant-currency sales up 100.4 percent, and watches, up 120.6 percent on the prior-year period.Sales of leather goods and saddlery, Hermès’ largest division, gained 63 percent year-on-year at constant-currency, to 2 billion euros.
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