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Hermes International SA - Stock Quote RMS

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Morningstar's Hermes International SA Stock Analysis

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Economic Moat

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Capital Allocation

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Hermes Delivers Strong Growth in Q1 Helped by Ready-to-Wear, Jewellery; FVE Maintained

Jelena Sokolova, CFA Senior Equity Analyst

Analyst Note

| Jelena Sokolova, CFA |

We are maintaining our fair value estimate for wide-moat Hermes as the company reported a strong start to 2022 with a 27% increase in first-quarter revenue at constant exchange rates. This compares with 23% organic growth for LVMH and 30% growth for that company's fashion and leather division.

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Hermes International SA's Company Profile

Business Description

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around half of revenue; clothes and accessories (22% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally, of which it owns and operates 221.

Contact
24 rue du Faubourg Saint Honore
Paris, 75008, France
T +33 140174920
Sector Consumer Cyclical
Industry Luxury Goods
Most Recent Earnings
Fiscal Year End Dec 31, 2021
Stock Type
Employees 17,595

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