Profit "Defying gravity" Hermes Q3 leap 24.2%

Paris luxury cheap quality brands handbags for sale such as Louis Vuitton and Gucci's report slow sales in recent quarters, Hermes continues to lead the barrel, posted today in its third-quarter sales jumped 24.2%.
In fact, at the current rate, calculated at a fixed exchange rate, the total annual sales of more than 13%, and current operating margin may decline between the 2010 level of 27.8% and 31.2%, respectively, in 2011, a record high.
Patrick Thomas, Hermès'ceo, said: "on a global scale, we do not see any slowdown anywhere ... including in Asia".

The Company of luxurygoods said that at the current exchange rate 15.7% (at constant currency), its sales in the third quarter year-on-year growth of 24.2 percent to 849 million euros ($ 110 million), an increase of 13.4% from the second quarter or . This is far more than analysts estimated sales of 803.8 million euros.
It has been reported that Although the slowing sale of luxurygoods in China, Hermes not experienced. Instead, its sales growth of 36% in the third quarter, about 25% of the entire turnover including Hermès (Hermès), Thomas said.
Sales in Europe grew by 16.7%, an increase of 27% in the Americas.
Limited development strategy work
Leather goods and saddlery,, respectively, year-on-year growth of 20.5 percent to 385 million euros. Silk and textiles increased by 22.8% year-on-year growth of 30.5% to the wear and fashion accessories; The watch is an increase of 14.5%. Hermes other categories, including jewelry series, an increase of 65.8%.
Thomas said, the Hermes store sales "very powerful", even for high comparison from the same period last year.
The company also released the nine-month revenue increased 22.7% to $ 2.44 billion euros, an increase of 15.5%) at the current exchange rate (calculated at a fixed exchange rate.
CEO of Hermès (Hermès) is included in the company's strategy to help its unique product needs to maintain high growth.
In addition, the number of Hermes luxury cheap quality luxury free shipping products annually in the production, because it can only be hiring and training of 100-250 craftsmen could only grow 10%.