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@ anubisSonOfRa
2025-02-15 07:22:43
Wall Street Journal: "Birkin Bag Maker Hermes Posts Higher Revenue on Strong Americas Performance"
$RMS.PA
"The French luxury group on Friday reported revenue of 3.96 billion euros ($4.15 billion) for the fourth quarter, up nearly 18% at constant exchange rates compared with the prior-year period."
""Hermes is affected by the crisis in China, but the group is quite resilient, Chief Executive Axel Dumas said during an earnings call. “There are positive signs, but not enough to expect a full recovery,” he added.""
"Hermes proposed a dividend of €16 a share."
No "è" on the keyboard at WSJ? Anyways, amazing results by Hermès. Will try to read or listen to the conference call this weekend.
Source (paywall):
https://www.wsj.com/business/earnings/birkin-bag-maker-hermes-posts-higher-revenue-on-strong-americas-performance-3207d7b6