219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
By
AFP
Published
Mar 23, 2016
Download
Download the article
Print
Text size

France's Hermes bags luxurious profits

By
AFP
Published
Mar 23, 2016

French luxury goods group Hermes said Wednesday that net profit rose to skim the billion-euro mark last year despite an economic slowdown in China, the Paris terror attacks and currency fluctuations.


Hermès AW16/17 Paris Fashion Week - PixelFormula


Hermes, known for its leather handbags such as the Birkin named for the British singer and its silk square scarves, posted growth across the regions last year, led by Japan, it said.

Net profit jumped more than 13 percent to 973 million euros ($1.1 billion) after the company rung up sales of 4.8 billion euros, an eight-percent increase from a year earlier once currency fluctuations were stripped out.

Operating profit also soared 19 percent to 1.5 billion euros.

The company faced heavier tax charges due to a three-percent levy on dividends linked to the payment of a one-off additional dividend last year, it said.

Hermes said its profit margin on operations had improved slightly from the previous year, to nearly 32 percent of sales "despite the dilutive impact of currency fluctuations".

Hermes chairman Axel Dumas had told AFP in February that his company had been "strongly impacted" by the deadly Paris attacks in November and was eyeing the effects of currency volatility, lower oil prices, the Chinese economic slowdown and other geopolitical situations.

It reiterated on Wednesday that sales growth in 2016 could be "below the medium-term goal of eight percent revenue growth at constant exchange rates due to the economic, geopolitical and monetary uncertainties around the world".
 

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.