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Japan's Consumption Tax Rises To Crack Down On Hermes's Two Quarter International Business
< p > by the main market, Japan and the United States declined in demand and the adverse effects of the international exchange rate fluctuated. The Herm quarter s International SCA (HRMS.PA) Hermes international sales slowed sharply in the two quarter. < /p >
< p > Herm s International SCA (HRMS.PA) Hermes international disclosed today that the sales growth of 5.8% in the two quarter ended June 30th is far below the 10.1% in the first quarter and 10.3% in the same period last year. < /p >
< p > excluding a href= "http:// www.91se91.com/news/index_c.asp" > exchange rate < /a > floating loss of 73 million euros (the first quarter correlation loss is 40 million euros), the two quarter revenue growth is only 9.6%, sales volume increased from 910 million 400 thousand euros in the same period last year to 963 million 400 thousand euros, less than the market expected 971 million euros. < /p >
< p > Japan's promotion in April 1st, < a href= "http:// www.91se91.com/news/index_c.asp" > consumption tax < /a >, has caused a significant blow to Herm s International SCA (HRMS.PA) less than "SCA" > Hermes > international business. According to fixed exchange rate, local sales growth has shrunk to 1.6% from 21.7% in the first quarter. < /p >
Sales growth in the Americas market slowed down to 7.9% in the recent few months, and 17.9% in the first quarter. Sales in the Asia Pacific region rose 16.8% compared with the same period last year, and Europe increased by 6%. < /p >
Less than P, the worst performing category was watches. Sales at fixed exchange rates fell by 12% year-on-year, mainly because China's anti-corruption campaign continued to affect wholesale revenues. The group's most important leather goods and harness Department achieved a 10% sales growth, which was in line with market expectations. < /p >
< p > sales of garments and fashion accessories, silk and textiles rose by 12.9% and 9% respectively, while perfume sales increased by 10.5%, while other businesses including jewellery and tableware increased 18.9%. < /p >
< p > group warned the exchange rate issue in the earnings report may lead to a slightly lower operating profit margin in the first half of the year than 2013 in the first half of fiscal year (33.1%), which will only be close to 32.4% last year. < /p >
< p > Herm s International SCA (HRMS.PA) fell by 3% on the morning of, to 2.26% euros, or 2.26%. < /p >
< p > Herm s International SCA (HRMS.PA) Hermes international disclosed today that the sales growth of 5.8% in the two quarter ended June 30th is far below the 10.1% in the first quarter and 10.3% in the same period last year. < /p >
< p > excluding a href= "http:// www.91se91.com/news/index_c.asp" > exchange rate < /a > floating loss of 73 million euros (the first quarter correlation loss is 40 million euros), the two quarter revenue growth is only 9.6%, sales volume increased from 910 million 400 thousand euros in the same period last year to 963 million 400 thousand euros, less than the market expected 971 million euros. < /p >
< p > Japan's promotion in April 1st, < a href= "http:// www.91se91.com/news/index_c.asp" > consumption tax < /a >, has caused a significant blow to Herm s International SCA (HRMS.PA) less than "SCA" > Hermes > international business. According to fixed exchange rate, local sales growth has shrunk to 1.6% from 21.7% in the first quarter. < /p >
Sales growth in the Americas market slowed down to 7.9% in the recent few months, and 17.9% in the first quarter. Sales in the Asia Pacific region rose 16.8% compared with the same period last year, and Europe increased by 6%. < /p >
Less than P, the worst performing category was watches. Sales at fixed exchange rates fell by 12% year-on-year, mainly because China's anti-corruption campaign continued to affect wholesale revenues. The group's most important leather goods and harness Department achieved a 10% sales growth, which was in line with market expectations. < /p >
< p > sales of garments and fashion accessories, silk and textiles rose by 12.9% and 9% respectively, while perfume sales increased by 10.5%, while other businesses including jewellery and tableware increased 18.9%. < /p >
< p > group warned the exchange rate issue in the earnings report may lead to a slightly lower operating profit margin in the first half of the year than 2013 in the first half of fiscal year (33.1%), which will only be close to 32.4% last year. < /p >
< p > Herm s International SCA (HRMS.PA) fell by 3% on the morning of, to 2.26% euros, or 2.26%. < /p >
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