Hermes said consolidated revenue in the first half of 2012 totalled 1.59 billion euros, a rise of 21.9% at current exchange rates from the prior-year period. Consolidated revenue grew 15.4% at constant exchange rates. In the first half of 2012, all regions registered growth.
During the second quarter, sales growth was 21.9% at current exchange rates. Despite the very high basis of comparison, sales continued to expand briskly both in the group's own stores and in the wholesale channels.
Looking ahead, given the sales performance in the first half, the group stands by its target for consolidated revenue growth of 10% over the full year 2012 at constant exchange rates.
by RTT Staff Writer
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