Hermes Has The Highest Fixed Exchange Rate In Four Years, And The Chinese Have The Largest Contribution.

Since 2019, the rising demand for fashion and luxury goods in China has not only promoted the sale of LVMH Mo t Hennessy Louis Vuitton SE (LVMH.PA) Lu Wei Mun Xuan and Kering SA (KER.PA) in France, but also benefited the Hermes international.

In the first quarter, the group achieved 11.6% fixed exchange rate revenue growth, the highest growth rate in more than four years, significantly faster than the 9.6% in the four quarter.

Early Thursday, Herm s International SCA (HRMS.PA) rose 0.5% to 622 euros, a record high.

Fixed exchange rate Asia Pacific revenue rose 16.9% to 655 million 900 thousand euros, or 17% of LVMH SE Road, while Kering SA's Gucci Gucci registered 35% of the same store growth.

Herm Dumas s International SCA chief executive officer Axel Dumas pointed out that sales in mainland China were "excellent" in the earnings report, and all other markets in the Asia Pacific region including Hong Kong, Macao and Taiwan also had double-digit growth.

In the past year, the group has expanded the boutique of Shanghai IFC and Singapore Marina Bay Sands, and has launched a new digital platform in China.

Europe's other markets, Japan and the Americas grew by 9.5%, 9.7% and 9.8% respectively.

The French local market continued to be hit by the "yellow vest" social movement, sales increased by only 1.4%, and 184 million 800 thousand euros accounted for 11.4% of the group's total, which was four percentage points lower than the first quarter of five years ago.

In the first quarter, Herm s International SCA Hermes international revenue totaled 1 billion 609 million 700 thousand euros, slightly better than the market expected 1 billion 590 million euros, an increase of 15.5% over the 1 billion 393 million 800 thousand euro last year.

Last month, Axel Dumas unveiled a plan to enter the beauty market in 2020.

At present, the group has already made 5% of its perfume business. In the first quarter, the business achieved 3% fixed exchange rate growth, far below the group average level, and 2.5% of the silk and textile businesses continued to drag on.

Axel Dumas has pointed out that the structural recession of men's ties with men's casual wear is one of the reasons for the slowdown in silk business. He said the group is introducing more men's scarves to stimulate growth.

The increase in production capacity helped increase sales of leather goods and harness in the largest sector by 12.5%. In February, the group announced in February that it would open new leather goods factories in the Louviers luvia region in Normandy, France, and that two new workshops in Montereau and Montereau will be put into operation in 2020.

The second sector, garments and fashion accessories, led by a 13.4% growth rate.

Herm s International SCA (HRMS.PA) reported 617.8 euros on Thursday, down 0.2% from a day, which recorded an increase of 27% in 2019.